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James Mirrlees was born on 5 July, 1936 in Minnigaff, Scotland, is a British Nobel Laureate in Economic Sciences. Discover James Mirrlees's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 82 years old?

Popular As N/A
Occupation N/A
Age 82 years old
Zodiac Sign Cancer
Born 5 July 1936
Birthday 5 July
Birthplace Minnigaff, Scotland
Date of death 29 August, 2018
Died Place Cambridge, England
Nationality Scotland

We recommend you to check the complete list of Famous People born on 5 July. He is a member of famous with the age 82 years old group.

James Mirrlees Height, Weight & Measurements

At 82 years old, James Mirrlees height not available right now. We will update James Mirrlees's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

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James Mirrlees Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is James Mirrlees worth at the age of 82 years old? James Mirrlees’s income source is mostly from being a successful . He is from Scotland. We have estimated James Mirrlees's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
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Timeline

1936

Sir James Alexander Mirrlees (5 July 1936 – 29 August 2018) was a British economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences.

1957

Born in Minnigaff, Kirkcudbrightshire, Mirrlees was educated at Douglas Ewart High School, then at the University of Edinburgh (MA in Mathematics and Natural Philosophy in 1957) and Trinity College, Cambridge (Mathematical Tripos and PhD in 1963 with thesis title Optimum Planning for a Dynamic Economy, supervised by Richard Stone).

He was a very active student debater.

A contemporary, Quentin Skinner, has suggested that Mirrlees was a member of the Cambridge Apostles along with fellow Nobel Laureate Amartya Sen during the period.

1968

Between 1968 and 1976, Mirrlees was a visiting professor at the Massachusetts Institute of Technology three times.

He taught at both Oxford University (as Edgeworth Professor of Economics 1968–1995) and University of Cambridge (1963–1968 and 1995–2018).

During his time at Oxford, he published papers on economic models for which he would eventually be awarded his Nobel Prize.

The papers centred on asymmetric information, which determines the extent to which they should affect the optimal rate of saving in an economy.

Among other results, he demonstrated the principles of "moral hazard" and "optimal income taxation" discussed in the books of William Vickrey.

The methodology has since become the standard in the field.

1971

Mirrlees was also co-creator, with MIT Professor Peter A. Diamond, of the Diamond–Mirrlees efficiency theorem, which was developed in 1971.

Mirrlees was emeritus Professor of Political Economy at the University of Cambridge and a Fellow of Trinity College, Cambridge.

He spent several months a year at the University of Melbourne, Australia.

He was the Distinguished Professor-at-Large of the Chinese University of Hong Kong as well as University of Macau.

1986

He was also a visiting professor at the University of California, Berkeley (1986) and Yale University (1989).

1996

Mirrlees and Vickrey shared the 1996 Nobel Memorial Prize in Economic Sciences "for their fundamental contributions to the economic theory of incentives under asymmetric information".

1997

He was knighted in the 1997 Birthday Honours.

2009

In 2009, he was appointed Founding Master of the Morningside College of the Chinese University of Hong Kong.

Mirrlees was a member of Scotland's Council of Economic Advisers.

He also led the Mirrlees Review, a review of the UK tax system by the Institute for Fiscal Studies.

His Ph.D. students included eminent academics and policy makers like professor Franklin Allen, Sir Partha Dasgupta, professor Huw Dixon, professor Hyun-Song Shin, Lord Nicholas Stern, professor Anthony Venables, Sir John Vickers, and professor Zhang Weiying.

2018

He died in Cambridge, England, on 29 August 2018.

Mirrlees was an atheist.