For his fundamental contribution to the economic theory of incentives under asymmetric information
Affiliation at the time of Award
1 Developed methods on analysing the problems of incomplete or asymmetrical information
2 Specialised in work in optimal taxation
• Counter speculation, Auction & competitive sealed tenders (1961).
1 Fifteen fatal fallacies of financial fundamentalism: A Disquisition on demand side economics (1996)
2 Commitment to full employment: The economic and social policy (2000)
3 The full employment and price stability: the macroeconomic vision (2004)