A. Allan Schmid
Endowed Fellowship in Institutional Economics
The Schmid Fellowship was created to advance the legacy of Professor A. Allan Schmid and his remarkable 47-year career in the Department of Agricultural Economics. Allan gave his students the tools and motivation to think outside established paradigms and to scrutinize and challenge the assumptions that are the underpinnings of conventional wisdom and traditional economic theory.
To commemorate Professor A. Allan Schmid’s teaching excellence and research scholarship, the Michigan State University Department of Agriculture Economics established the A. Allan Schmid Endowed Fellowship in Institutional Economics. The generosity of Professor Schmid, and his students, friends and colleagues created the endowment. The Schmid Endowed Fellowship will help sustain his legacy in the Department of Agricultural Economics by offering support to graduate students pursuing the study of Institutional Economics.
Throughout his career, University Distinguished Professor Schmid has examined the nexus between politics and economics. Exploring the effects of institutions as sets of rules, he has inquired into what shapes institutions such as markets, and how those institutions shape economic behavior. Through books like 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 has been devoted to rigorous theoretical and empirical investigation of institutions using approaches drawn from economics, organization theory, law, political science, and cognitive science.
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.
We invite you to join us in growing this endowed fellowship in Allan’s honor at the Department of Agricultural Economics. Please consider making a multi-year pledge to help us build for the future.
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