JAMES A. MIRRLEES
A Scottish economist who won the Nobel Memorial Prize in Economics in 1966, together with William Vickrey, for his work on information asymmetry, referring to taxation and moral hazard problems. Mirrlees believes the tax system should be utilized to refine equality. He emphasized that the optimal marginal tax rate should be only around 20% and could be applied to everyone, justifying a flat tax rate.
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