James A. Mirrlees
Having a mathematical culture, He supposed he expected that at some point there would be a real idea, an inspiration, and one day in November 1961 it came. He tried to think about how the amount of uncertainty should affect the optimal rate of saving in an economy. He thought of a neat way of modeling the question. Contrary to what everyone else seemed to think then, he showed that quite commonly, greater uncertainty is a reason for saving more, not less. Then he met Paul Samu...
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