MIRRLEES, JAMES A. - In: The Pakistan Development Review 9 (1969) 1, pp. 1-13
In this paper, I shall discuss how national income should be measured in an 'imperfect' economy, where feasible policy instruments such as taxes, tariffs, quotas, and quantitative controls do not operate in a lumpsum manner, and may be far from their optimum level. In particular, I want to...