Welfare, incentives, and Taxation Indian Edition

Description

Professor Mirrlees found a solution to one of the key problems in modern economic research dealing with asymmetric information, that is, where different decision-makers have different information. The solution given by him was so powerful that it has provided the basis, not only for the construction of taxation systems around the world today, but for our understanding of a whole range of other markets and systems. This volume brings together for the first time twenty-three of his seminal papers, published as well as unpublished, on welfare economics, tax theory, public expenditure, contract theory, growth theory, and development economics. The collection contains some of the most influential articles in economics in recent times.