The gap between theory and practice in economics often refle... - James Mirrlees

"The gap between theory and practice in economics often reflects our incomplete understanding of institutions."

James Mirrlees

Economist Theorist Scottish 1936–2018

More from James Mirrlees

"The most important thing is to recognize that incentives matter."

"Information asymmetry is at the heart of economic problems."

"We must design systems that work with human nature, not against it."

"Taxation involves a fundamental trade-off between equality and efficiency."