Welfare, Incentives, and Taxation

Paperback | March 28, 2006

byJames A. Mirrlees

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Nobel Prize-winning economist James Mirrlees is one of the world's leading figures in welfare, development, and public sector economics. This volume brings together for the first time twenty-three of his seminal papers on welfare economics, tax theory, public expenditure, contract theory,growth theory, and development economics.Academic and professional economists, particularly those interested in welfare, development, and public sector economics, will find this collection invaluable.

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Nobel Prize-winning economist James Mirrlees is one of the world's leading figures in welfare, development, and public sector economics. This volume brings together for the first time twenty-three of his seminal papers on welfare economics, tax theory, public expenditure, contract theory,growth theory, and development economics.Academi...

James A. Mirrlees is Professor Emeritus of Political Economy at the University of Cambridge and Fellow of Trinity College. He was previously Edgeworth Professor of Economics at the University of Oxford (1968-95). In 1996 he won the Nobel Prize for Economics for fundamental contributions to the economic theory of incentives under asymm...

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Format:PaperbackDimensions:584 pages, 9.21 × 6.14 × 1.31 inPublished:March 28, 2006Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199261814

ISBN - 13:9780199261819

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Table of Contents

Part I: Welfare Economics1. Information and Incentives: The Economics of Carrots and Sticks2. Notes on Welfare Economics, Information, and Uncertainty3. with John A. Kay: The Desirability of Natural Resource Depletion4. The Economic Uses of Utilitarianism5. Welfare Economics and Economies of ScalePart II: Tax Theory6. An Exploration in the Theory of Optimum Income Taxation7. On Producer Taxation8. The Optimum Town9. Population Policy and the Taxation of Family Size10. Optimal Tax Theory: A Synthesis11. The Theory of Optimal Taxation12. Migration and Optimal Income Taxes13. Taxing Uncertain IncomesPart III: Public Expenditure14. Arguments for Public Expenditure15. Optimal Taxation and Government FinancePart IV: Contract Theory16. The Optimal Structure of Incentives and Authority within an Organization17. The Theory of Moral Hazard and Unobservable Behaviour: Part IPart V: Growth Theory18. The Dynamic Nonsubstitution Theorem19. with Peter J. Hammond: Agreeable Plans20. With Avinash Dixit and Nicholas Stern: Fairly Good Plans21. Optimum Saving with Economies of ScalePart VI: Development Economics22. A Pure Theory of Underdeveloped Economies23. With Ian Little: Project Appraisal and Planning Twenty Years On: Appendix

Editorial Reviews

`James Mirrlees' special gift is to bring new perspectives to the understanding of major economic issues, economic growth and the choice of taxes. The importance of asymmetric information in the optimality of taxes was one of his greatest contributions, the study of different aspects of therole of increasing returns in economic growth another. Drawing these contributions, scattered over many journals, into a single volume will remind of the power of Mirrlees's analysis and make reference that much easier. 'Kenneth J. Arrow, Nobel Laureate and Professor Emeritus of Economics, Stanford University