William Vickrey
William Vickrey
William Spencer Vickreywas a Canadian-born professor of economics and Nobel Laureate. Vickrey was awarded the 1996 Nobel Memorial Prize in Economic Sciences with James Mirrlees for their research into the economic theory of incentives under asymmetric information, becoming the only Nobel laureate born in British Columbia. The announcement of the prize was made just three days prior to his death; his Columbia University economics department colleague C. Lowell Harriss accepted the posthumous prize on his behalf...
NationalityCanadian
ProfessionEducator
Date of Birth21 June 1914
CountryCanada
There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.
There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.