The problem of principal and agent is as old as delegation i... - James Mirrlees

"The problem of principal and agent is as old as delegation itself and as modern as any corporation."

James Mirrlees History

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."

"I've seen a lot of things in my time."

"That's how we archaeologists tell time."

"We must learn from history or be doomed to repeat it."

"Every artifact tells a story."