James Mirrlees

James Mirrlees was a renowned economist known for his work on how governments can design fair and efficient tax systems. He developed theories that help balance the need for government revenue with minimizing economic distortions. His research introduced ideas about taxing individuals based on their income, considering how people respond to taxes. Mirrlees’ contributions earned him the Nobel Prize in Economics in 1996. His work is fundamental in public finance, shaping policies that aim to promote economic growth while ensuring fairness in taxation and social welfare.