A. Allan Schmid

A. Allan Schmid

Ph.D., 1959. University of Wisconsin
M.S., 1957. University of Nebraska
B.S., 1956. University of Nebraska

University Distinguished Professor Emeritus, Institutional and Behavioral Economics

Agricultural, Food, and Resource Economics
Michigan State University

AEC/AFRE Faculty, 1959 to 2006



Student Mentoring

Teaching Experience

  • Professor Schmid taught undergraduate and graduate courses on topics in resource economics, rural development, public finance, public choice, and institutional and behavioral economics. Students’ affection for Professor Schmid and his reciprocal affection are legendary.  Graduate students would come from around the world to take his course and to be challenged by Allan Schmid’s Socratic teaching.  A graduate student fellowship at Michigan State University makes a fitting tribute that will sustain inquiry by future generations of institutionalist scholars. 
  • PRM 201, Community Economics (1993 - retirement). Policy analysis of state and local government revenues, services and private business regulation.  Impact on resource use, economic development, income distribution and human values..

  • AEC 800, Foundations of Agricultural Economics (1997 – retirement). Concepts of agricultural economics drawn from economic and management theory.  Applications to managerial decisions and economic policy issues for businesses, markets and institutions.
  • AEC-RD-EC 810, Institutional and Behavioral Economics (1959 – retirement). Relationshiops among institutions, individual and collective actions, and economic performance.  Public choice, property rights, and behavioral theories of firms and bureaucracies.