Passing of University Distinguished Professor, Allan Schmid
posted on April 7, 2017 2:28pm
Professor Schmid (1935-2017) was a University Distinguished Professor in the Department of Agricultural, Food and Resource Economics (AFRE) and his professional career spans more than 47 years at Michigan State University. He joined the Agricultural Economics Faculty (now AFRE) at MSU in 1959 and retired in 2006.
Throughout his career, Professor Schmid examined the nexus between politics and economics. Exploring the effects of institutions as sets of rules, he inquired into what shapes institutions such as markets, and how those institutions shape economic behavior. Through books such as Property, Power and Public Choice and many journal articles, he has expressed his passion to understand the institutions of social, political and commercial life. His distinguished career was devoted to rigorous theoretical and empirical investigation of institutions using approaches drawn from economics, organization theory, law, political science, and cognitive science. Schmid was named the Inaugeral Fellow of the Institutional and Behavioral Economics Section of the AAEA in 2010.
To commemorate Professor A. Allan Schmid’s teaching excellence and research scholarship, AFRE established the A. Allan Schmid Endowed Fellowship in Institutional Economics through the generosity of Professor Schmid, and his students, friends and colleagues. The Schmid Endowed Fellowship will continue to sustain his legacy in AFRE by offering support to graduate students pursuing the study of Institutional Economics. Donate to the A. Allan Schmid Endowed Fellowship.