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Richard Musgrave passes away at 96
Here is a NYT obituary. Musgrave was one of the fathers of modern public finance and a highly intelligent political economist of the old school. Here is a David Warsh profile. Here is Wikipedia. Here is The Boston Globe. Here are extensive videos of Musgave and Jim Buchanan debating the proper role of government.
Posted by Tyler Cowen on January 20, 2007 at 08:30 AM in Economics | Permalink
Comments
Prof.Musgrave- the genious not honoured by the Nobel committee;the personality who developed Public Finance in to a lively modern subject.
While we were students, Prof.Musgrave's and Peggy Musgrave's book was our bible in Public Finance.Even now that is the standard reference book and thousands of students depend on that great book.Prof.Musgrave- the great academician who developed the Truncated Keynesian Model, Intergenerational Equity Theory,The Concept of Differential Incidence and many many topics that we as students studied and continues to be studied by generations of students.
Posted by: GVV at Jan 20, 2007 10:38:05 AM
Agreed! Musgrave never got the honors he deserved. His theory in public finance and government involvement remains unsurpassed. The work he published with Peggy has been the glue for so many but the Nobel forgot about he.
Along this I wish to congratulate a Musgrave admirer economist Muhlis Rudiger on his engagement to Sybila Valdivieso.
Muhlis was also born in Königstein and is expanding on some of Musgrave work. Hals-und Beinbruch!
Posted by: Bernardo Guimaraes at Jan 20, 2007 10:41:45 PM
Had he gotten the Nobel, he could have lived to years longer (says the Economist in this week's issue)!
Posted by: NB at Jan 21, 2007 10:49:35 AM
While most of the public controversy over Buchanan's
Nobel has centered on Gordon Tullock not sharing it,
I have long heard from reliable sources that the real
debate at the time was whether or not to have Musgrave
share it. He did not, although I do not know why.
Warsh does not mention this particular factoid, but
does say that he basically got aced out of it by
Samuelson having done his pure theory public goods.
Posted by: Barkley Rosser at Jan 21, 2007 2:50:44 PM
Hi
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Allow me to offer my heartiest wishes.
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