Editor’s Note: Also see The Evolution of Benefit-Cost Analysis into Federal Rulemaking and the former Director of the Systems Analysis Group’s Commentary on Dr. Schmid’s paper, “Effective Public Policy and the Government Budget: a Uniform Treatment of Public Expenditures and Public Rules.”
From: Regulatory Pacesettters and Economic Thought
Allan Schmid, the economist who first recommended that benefit-cost analysis be applied to regulations, received a tribute in a paper written by Professor Rumen Brussarski of Bulgaria.
Professor Brussarski writes:
GENESIS AND DEVELOPMENT OF IMPACT ASSESSMENT
In memory of Alfred Allan Schmid
In memory of Alfred Allan Schmid