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.
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Squire, L. Professor Mirrlees' Contribution to Economic Policy. International Tax and Public Finance 5, 83–91 (1998). https://doi.org/10.1023/A:1008620626212
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DOI: https://doi.org/10.1023/A:1008620626212