Professor Mirrlees' Contribution to Economic Policy

Lyn Squire

International Tax and Public Finance, 1998, vol. 5, issue 1, 83-91

Abstract: This paper looks at Professor Mirlees' important contribution to the theory and practice of project evaluation. Despite the apparent relevance of this work to practical policy making, the approach has had only limited application. The paper explores why the Little-Mirrlees' technique of project evaluation has been less widely used than was initially anticipated. Given this disappointing use, the paper argues that Professor Mirrlees' main contribution to economic policy lay in the powerful support his work gave to trade liberalization. Copyright Kluwer Academic Publishers 1998

Keywords: Project evaluation; border prices (search for similar items in EconPapers)
Date: 1998
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DOI: 10.1023/A:1008620626212

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