Peggy Richman née Brewer, later Musgrave (1924 - 2017) was a British-American public finance scholar and

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. She was known for her work on taxation of foreign investments.

Education and career

Musgrave started her undergrad studies at

Cambridge University The University of Cambridge is a Public university, public collegiate university, collegiate research university in Cambridge, England. Founded in 1209, the University of Cambridge is the List of oldest universities in continuous operation, wo ...

but was interrupted by the second world war. She completed her B.A. and M.A. in economics at

American University The American University (AU or American) is a Private university, private University charter#Federal, federally chartered research university in Washington, D.C., United States. Its main campus spans 90-acres (36 ha) on Ward Circle, in the Spri ...

in Washington, D.C.. In 1962 she received her Ph.D. from

Johns Hopkins University The Johns Hopkins University (often abbreviated as Johns Hopkins, Hopkins, or JHU) is a private university, private research university in Baltimore, Maryland, United States. Founded in 1876 based on the European research institution model, J ...

, and she received an award from the

Ford Foundation The Ford Foundation is an American private foundation with the stated goal of advancing human welfare. Created in 1936 by Edsel Ford and his father Henry Ford, it was originally funded by a $25,000 (about $550,000 in 2023) gift from Edsel Ford. ...

for her Ph.D. dissertation. Musgrave's academic career began as a research associate at

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

working with

Carl Shoup Carl Sumner Shoup (October 26, 1902 – March 23, 2000) was an American economist and public finance expert. He is best known for leading the Shoup Mission of 1949–1950, tasked with revising the fiscal system of post-World War II Japan. He dire ...

. She taught international economics at the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

and she was appointed as an assistant professor. She was part of the International Tax Program at Harvard Law School. She moved to

Northeastern University Northeastern University (NU or NEU) is a private university, private research university with its main campus in Boston, Massachusetts, United States. It was founded by the Boston Young Men's Christian Association in 1898 as an all-male instit ...

in 1968 and by 1978 was a professor of economics. She also held the Ford research professor position at the University of California, Berkeley in 1977. She taught at Vassar College prior to moving to the

University of California, Santa Cruz The University of California, Santa Cruz (UC Santa Cruz or UCSC) is a public university, public Land-grant university, land-grant research university in Santa Cruz, California, United States. It is one of the ten campuses in the University of C ...

to take a position as a professor of economics in 1980. She was named provost of the University of Santa Cruz's Crown College in 1986, the first woman to hold the position of provost of Crown College. She stepped down as provost in 1988.

Work

Musgrave is known for her work on international taxation and public finance. Musgrave is credited with the development of ideas centered on

International taxation International taxation is the study or determination of tax on a person or business subject to the tax laws of different countries, or the international aspects of an individual country's tax laws as the case may be. Governments usually limit the ...

, especially on the United States' taxation of foreign investments which she established during her Ph.D. work. She spoke to the United States Senate about overseas investments and in the impact on the national economy. The International Institute of Public Finance created the “Peggy and Richard Musgrave Prize” in 2003.

Selected publications

* * Reviews of ''United States Taxation of Foreign Investment Income'' * * *

Personal life

She was the daughter of the British author Herbert Rogers Everard Brewer and his wife Blanche Rebecca, née Wedlock. Her first marriage after the Second World War was to the American Bennett B. Richman (1912-1989). This marriage resulted in two sons, Roger and Thomas. Her second marriage was to Richard Abel-Musgrave (1910–2007) she married around the mid-1960s. This marriage resulted in a daughter, Pamela. Musgrave's second husband, Richard Musgrave, was also an economist.

References

{{DEFAULTSORT:Musgrave, Peggy Women economists 1924 births 2017 deaths University of California, Santa Cruz faculty Northeastern University faculty American University alumni Johns Hopkins University alumni