Nobel Laureate presents lecture at UBDsqwcgadmin
13th May, 2015
SIR James Alexander Mirrlees – a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences delivered an academic talk yesterday at Universiti Brunei Darussalam (UBD).
A strong audiences of well above 350 people were at the Lecture Theatre of Pengiran Anak Puteri Rashidah Sa’adatul Bolkiah Institute of Health Sciences extension building in UBD.
Among those attending the lecture were the Minister of Education, Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr) Haji Awang Abu Bakar bin Haji Apong; the Minister of Industry and Primary Resources, Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Haji Yahya bin Begawan Mudim Dato Paduka Haji Bakar; and the Deputy Minister of Defence, Dato Paduka Haji Mustappa bin Haji Sirat as well as various senior level officers from government ministries, academicians and tertiary education students.
The Nobel Laureate Lecture was co-organised by UBD and the Ministry of Industry and Primary Resources.
In the lecture, Sir James A Mirrlees talked about the Asian Economy and Brunei’s development such as issues of subsidies and taxes, environment issues and social costs.
He won the Nobel Memorial Prize in Economics in 1996 and is best known for his work on the moral hazard, the economics of uncertainty, and development economics.
Sir Mirrlees has been a Professor at both the University of Oxford and the University of Cambridge and was a Distinguished Professor at the Massachusetts Institute of Technology (MIT).
He is now a Distinguished Professor-at-Large and the Master of Morningside College at the Chinese University of Hong Kong and Emeritus Professor of Political Economy at the University of Cambridge.
Sir James Alexander Mirrlees is a winner of the 1996 Nobel Memorial Prize in Economic Sciences, an award he shared with the late Professor William Vickrey for their ‘Fundamental contributions to the economic theory of incentives under asymmetric information’.
Sir Mirrlees is also the co-creator with MIT Professor Peter A Diamond of the Diamond-Mirrlees Efficiency Theorem.
Source: Borneo Bulletin