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Prof. Jim Hines Honored for Public Finance Work with Prestigious Professorship

By Lori Atherton
Feb. 21, 2014

When the email arrived in Prof. James Hines Jr.'s mailbox, he gave it a cursory glance, thinking it was nothing more than a lecture invitation. Months passed, and a follow-up email arrived. To his surprise, Prof. Hines was indeed being asked to lecture—as the recipient of the 2014 Richard Musgrave Visiting Professorship, a prestigious award honoring scholars in public finance.

Prof. James Hines Jr. "It was so unexpected," said Prof. Hines, the L. Hart Wright Collegiate Professor of Law and codirector of the Law and Economics Program, of learning he was this year's honoree. "It's not in my mindset that they would have selected me and, of course, I immediately said yes."

The visiting professorship was established in 2008 by the International Institute of Public Finance (IIPF) and the CESifo Group (Center for Economic Studies, the Ifo Institute, and the Munich Society for the Promotion of Economic Research) to honor the memory of Richard Musgrave, known for being one of the greatest scholars in the field of public finance. Award winners are chosen through a formal selection process by the president and vice president of IIPF and the president of the CESifo Group.

This is the second year in a row that a University of Michigan professor has received the honor. The 2013 recipient was Joel Slemrod, the Paul W. McCracken Collegiate Professor of Business Economics and Public Policy at the Stephen M. Ross School of Business and chair of the Department of Economics. Other past awardees include professors from Hebrew University in Jerusalem, the London School of Economics and Political Science, the International Monetary Fund, and the University of California, Berkeley.

"I'm really flattered to be in such good company," Prof. Hines said. "I know the other recipients and think the world of them. They are all superb."

As part of the award, Prof. Hines will deliver the sixth Richard Musgrave Lecture in Munich on April 24. Before speaking on "International Taxation and National Interests," he will be introduced by Michael Devereux, director of the Centre for Business Taxation at Oxford University—a highlight for Prof. Hines because Devereux is esteemed in the field. The award also entitles Prof. Hines to visit the Center for Economic Studies in Munich.

Aside from his Law School appointments, Prof. Hines is the Richard A. Musgrave Collegiate Professor of Economics in U-M's Department of Economics and serves as the research director of the Office of Tax Policy Research in the Ross School of Business. A researcher who focuses on various aspects of taxation, Prof. Hines joined the Michigan faculty in 1997 after teaching at Princeton and Harvard. He has held visiting appointments at Columbia University, the London School of Economics, the University of California, Berkeley, and Harvard Law School. He is also a research associate of the National Bureau of Economic Research, research director of the International Tax Policy Forum, and a former co-editor of the American Economic Association's Journal of Economic Perspectives.

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