James Mirrlees - Economists, Family and Family

Home  ›  British  ›  James MirrleesJuly 5, 1936113 views

0.0 based on 0 rates

James Mirrlees's Personal Details

Sir James A

InformationDetail
BirthdayJuly 5, 1936
NationalityBritish
FamousTrinity College, Cambridge, University Of Edinburgh, Intellectuals & Academics, Economists
SpousesGill Mirrlees
Known asSir James Alexander Mirrlees
Childrens Catriona, Fiona
Universities
  • Trinity College, Cambridge,University Of Edinburgh
  • University of Edinburgh
  • Trinity College
  • Cambridge
Notable Alumnis
  • Trinity College
  • Cambridge
  • University Of Edinburgh
Birth PlaceMinnigaff, Kirkcudbrightshire, Scotland
GenderMale
Sun SignCancer
Born inMinnigaff, Kirkcudbrightshire, Scotland
Famous asEconomist

// Famous Economists

James Mirrlees's photo

Who is James Mirrlees?

Sir James A. Mirrlees is a Scottish economist who received the Nobel Prize for his research on economic incentives in 1996. He shared the Nobel Prize with William Vickrey of the ‘Columbia University’. His main contribution to the field of economics was his path-breaking research work on optimal taxation on income or a progressive taxation process which included incentives for earning. He started his research work in an era when taxes were very high and the economy was controlled centrally. He assumed that the government should tax the rich more and use it for the benefit of the poor. He also made further assumptions that the rate of taxes has a direct effect on the incentive of people to work and earn more. With these assumptions he calculated the highest marginal tax rate that should be applied on the high-income groups. The optimal tax rate that he computed was actually only 20 percent of the income and not 83 percent as was prevalent at that time in Britain. Moreover he concluded that everyone should be taxed at a flat rate of 20 percent for the maximum benefit of all wage earners. He also helped to design contracts that would provide the maximum incentives to the employees of companies.

// Famous Alumni of Trinity College, Cambridge

Childhood & Early Life

James Mirrlees was born James Alexander Mirrlees in Minnigaff, Kirkcudbrightshire, South West Scotland, UK, on July 5, 1936.

He grew up in Newton Stewart before his family moved to Port William in 1950. He has a younger brother.

His father was a teller at one of the banks in Newton Stewart.

He attended the ‘Primary School’ and the ‘Douglas Ewart High School’ at Newton Stewart, Wigtownshire, Scotland from 1941 to 1954. He took his graduation exams earlier than others in his class as he was very talented in mathematics.

He joined the ‘University of Edinburg’ in 1954 and studied philosophy and mathematics as major subjects after skipping the first year of college. He obtained his B.A. and then his M.A. in Mathematics and Natural Philosophy in 1957 from the same university and also won the ‘Napier Medal’.

He joined the ‘Trinity College, Cambridge’ in 1957 and added economics to his portfolio of major subjects in the hope of helping the economies of underdeveloped countries.

Indian economist Amartya Sen arranged for him to join a project being conducted by MIT in India. After returning to the ‘Trinity College’ he earned his PhD degree in 1963.

Career

James Mirrlees was an adviser with MIT Center for International Studies’, India Project, New Delhi, from 1962 to 1963.

He took up a teaching fellowship at the ‘Trinity College’ in 1963. He taught Economics as an Assistant Lecturer and then as a Lecturer up to 1968. During this period he started his research work on optimum taxation along with Peter A. Diamond.

He served as an advisor to the British Labor Party during the 1960s and the 1970s.

For brief periods from 1966 to 1968 he served as an Adviser for the ‘Pakistan Institute of Development Economics, Karachi’.

He moved to the ‘University of Oxford’ in 1968 and started teaching as a professor of economics. He continued with his work on the relationship between non-linear incentives and income tax that he had started while working for MIT.

In 1971 he developed the ‘Diamond – Mirrlees Efficiency Theorem’ in collaboration with Peter A. Diamond who was a professor at the MIT.

While teaching at Oxford he published a large number of papers on economic models based on asymmetric information for which he eventually won the Nobel Prize.

He also demonstrated during this period a methodology that demonstrated the principles of ‘moral hazard’ and ‘optimal taxation’ which has become the default standard in the field of macroeconomics.

He was an ‘Edgeworth Professor of Economics and Fellow’ of the ‘Nuffield College’ in Oxford from 1968 to 1995.

Mirrlees held the post of ‘Visiting Professor’ at MIT from 1968 to 1976 thrice, the ‘University of California’ at Berkeley in 1986 and the ‘Yale University’ in 1989.

He served as the President of the ‘Royal Economic Society’ from 1989 to 1992.

He returned to the ‘Trinity College’ under the ‘University of Cambridge’ in 1995 as a Professor of Political Economy.

He has been a ‘Distinguished Professor-at-large’ at ‘The Chinese University of Hong Kong’ since 2002 as well as the ‘University of Macau’.

In 2009 he was made the ‘Founding Master of Morningside College’ of ‘The Chinese University of Hong Kong’.

He also serves as a visiting professor at the ‘University of Melbourne, Australia’ for several months every year.

He has headed the ‘Mirrlees Review’ formed by the ‘Institute of Fiscal studies’ for reviewing the tax system in the United Kingdom.

Major Works

James Mirrlees published the book ‘Manual of Industrial Project Analysis in Developing Countries, Vol II: Social Cost Benefit Analysis’ in collaboration with I. M. D. Little in 1969.

He published ‘Models of Economic Growth’ in 1973 and wrote a large number of papers on optimal taxation.

His second book written with help from I. M. D. Little titled ‘Project Appraisal and Planning for developing countries’ was published in 1974.

Awards & Achievements

James Mirrlees won the Nobel Prize for Economic Sciences in 1996.

He received his knighthood in 1998.

He is a Fellow of the ‘British Academy’, the ‘Royal Society of Edinburg’ and the ‘Econometric Society’.

He is a member of ‘Scotland’s Council of Economic Advisers’.

He is a ‘Foreign Honorary Member’ of the ‘U.S. national Academy of Sciences’ and the ‘American Economic Association’.

Personal Life & Legacy

He married Gill Mirrlees in 1961 while he was still a student. Gill died in November, 1993.

He has two daughters from his marriage with Gill named Catriona and Fiona.

// Famous Alumni of University Of Edinburgh

James Mirrlees awards

YearNameAward

Other

Nobel Memorial Prize in Economic Sciences (1996)

James Mirrlees biography timelines

  • // 5th Jul 1936
    James Mirrlees was born James Alexander Mirrlees in Minnigaff, Kirkcudbrightshire, South West Scotland, UK, on July 5, 1936.
  • // 1941 To 1954
    He attended the ‘Primary School’ and the ‘Douglas Ewart High School’ at Newton Stewart, Wigtownshire, Scotland from 1941 to 1954. He took his graduation exams earlier than others in his class as he was very talented in mathematics.
  • // 1950
    He grew up in Newton Stewart before his family moved to Port William in 1950. He has a younger brother.
  • // 1954 To 1957
    He joined the ‘University of Edinburg’ in 1954 and studied philosophy and mathematics as major subjects after skipping the first year of college. He obtained his B.A. and then his M.A. in Mathematics and Natural Philosophy in 1957 from the same university and also won the ‘Napier Medal’.
  • // 1957
    He joined the ‘Trinity College, Cambridge’ in 1957 and added economics to his portfolio of major subjects in the hope of helping the economies of underdeveloped countries.
  • // 1961 To 1993
    He married Gill Mirrlees in 1961 while he was still a student. Gill died in November, 1993.
  • // 1962 To 1963
    James Mirrlees was an adviser with MIT Center for International Studies’, India Project, New Delhi, from 1962 to 1963.
  • // 1963
    Indian economist Amartya Sen arranged for him to join a project being conducted by MIT in India. After returning to the ‘Trinity College’ he earned his PhD degree in 1963.
  • // 1963 To 1968
    He took up a teaching fellowship at the ‘Trinity College’ in 1963. He taught Economics as an Assistant Lecturer and then as a Lecturer up to 1968. During this period he started his research work on optimum taxation along with Peter A. Diamond.
  • // 1966 To 1968
    For brief periods from 1966 to 1968 he served as an Adviser for the ‘Pakistan Institute of Development Economics, Karachi’.
  • // 1968
    He moved to the ‘University of Oxford’ in 1968 and started teaching as a professor of economics. He continued with his work on the relationship between non-linear incentives and income tax that he had started while working for MIT.
  • // 1968 To 1995
    He was an ‘Edgeworth Professor of Economics and Fellow’ of the ‘Nuffield College’ in Oxford from 1968 to 1995.
  • // 1969
    James Mirrlees published the book ‘Manual of Industrial Project Analysis in Developing Countries, Vol II: Social Cost Benefit Analysis’ in collaboration with I. M. D. Little in 1969.
  • // 1971
    In 1971 he developed the ‘Diamond – Mirrlees Efficiency Theorem’ in collaboration with Peter A. Diamond who was a professor at the MIT.
  • // 1973
    He published ‘Models of Economic Growth’ in 1973 and wrote a large number of papers on optimal taxation.
  • // 1974
    His second book written with help from I. M. D. Little titled ‘Project Appraisal and Planning for developing countries’ was published in 1974.
  • // 1989 To 1992
    He served as the President of the ‘Royal Economic Society’ from 1989 to 1992.
  • // 1995
    He returned to the ‘Trinity College’ under the ‘University of Cambridge’ in 1995 as a Professor of Political Economy.
  • // 1996
    James Mirrlees won the Nobel Prize for Economic Sciences in 1996.
  • // 1998
    He received his knighthood in 1998.
  • // 2002
    He has been a ‘Distinguished Professor-at-large’ at ‘The Chinese University of Hong Kong’ since 2002 as well as the ‘University of Macau’.
  • // 2009
    In 2009 he was made the ‘Founding Master of Morningside College’ of ‘The Chinese University of Hong Kong’.

// Famous Intellectuals & Academics

James Mirrlees's FAQ

  • What is James Mirrlees birthday?

    James Mirrlees was born at 1936-07-05

  • Where is James Mirrlees's birth place?

    James Mirrlees was born in Minnigaff, Kirkcudbrightshire, Scotland

  • What is James Mirrlees nationalities?

    James Mirrlees's nationalities is British

  • Who is James Mirrlees spouses?

    James Mirrlees's spouses is Gill Mirrlees

  • Who is James Mirrlees childrens?

    James Mirrlees's childrens is Catriona, Fiona

  • What was James Mirrlees universities?

    James Mirrlees studied at Trinity College, Cambridge,University Of Edinburgh, University of Edinburgh, Trinity College, Cambridge

  • What was James Mirrlees notable alumnis?

    James Mirrlees's notable alumnis is Trinity College, Cambridge, University Of Edinburgh

  • What is James Mirrlees's sun sign?

    James Mirrlees is Cancer

  • How famous is James Mirrlees?

    James Mirrlees is famouse as Economist