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'''Herbert B. Schmidt''' (born 23 April 1931 in [[East Prussia]]) is a German economist and public policy advisor, best known for his work in [[privatization]] in the former [[East Germany]] and [[Eastern Europe]].<ref>Im Freien Estland, ''Hennig von Wistinghausen'', Bohlau Verlag, 2004, p.323.</ref>
{{Short description|German economist and public policy advisor}}
'''Herbert B. Schmidt''' (23 April 1931 - 7 March 2024) was a German economist and public policy advisor, best known for his work in [[privatization]] in the former [[East Germany]] and [[Eastern Europe]].<ref>Im Freien Estland, ''Hennig von Wistinghausen'', Bohlau Verlag, 2004, p.323.</ref>


Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns.<ref>Privatization in Developing Countries, ''John Nellis'', SAIS Review, Vol. 27, No. 2, 2007.</ref> Schmidt was the chief privatization advisor to Estonian Prime Minister [[Maart Laar]],<ref>Privatization in Estonia, ''Erik Terk'', Estonian Institute for Future Studies, 2000.</ref> and is a former economics minister of the German Lander of [[Saxony]].<ref>Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.</ref> From 1998 to 2001, he was Commissioner of the Securities Commission of [[Bosnia and Herzegovina]].<ref>IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.</ref>
Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, [[environmental remediation]], and other concerns.<ref>Privatization in Developing Countries, ''John Nellis'', SAIS Review, Vol. 27, No. 2, 2007.</ref> Schmidt was the chief privatization advisor to Estonian Prime Minister [[Mart Laar]],<ref>Privatization in Estonia, ''Erik Terk'', Estonian Institute for Future Studies, 2000.</ref> and is a former economics minister of the German Lander of [[Saxony]].<ref>Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.</ref> From 1998 to 2001, he was Commissioner of the Securities Commission of [[Bosnia and Herzegovina]].<ref>IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.</ref>


In 1998, he was awarded the [[Order of the White Star]] of [[Estonia]]<ref>{{Cite web |url=http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp |title=Archived copy |access-date=2008-12-22 |archive-url=https://web.archive.org/web/20051102070316/http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp |archive-date=2005-11-02 |url-status=dead }}</ref> for his work with the German [[Treuhandanstalt]] in Estonia.
In 1998, he was awarded the [[Order of the White Star]] of [[Estonia]]<ref>{{Cite web |url=http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp |title=The President of Estonia 1992-2001 - Official Duties - Decorations of the Republic of Estonia |access-date=2008-12-22 |archive-url=https://web.archive.org/web/20051102070316/http://vp1992-2001.vpk.ee/eng/ametitegevus/Valgetaht.asp |archive-date=2005-11-02 |url-status=dead }}</ref> for his work with the German [[Treuhandanstalt]] in Estonia. Schmidt's efforts in privatization were particularly detailed in a [[festschrift]] published for his 90th birthday.


==References==
==References==
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*Methods of Privatization, ''Andrew Berg and Elliot Berg'', Journal of International Affairs, Vol. 50, 1997.
*Methods of Privatization, ''Andrew Berg and Elliot Berg'', Journal of International Affairs, Vol. 50, 1997.
*Soziale Marktwirtschaft als Historische Weichenstellung, "Methodenfragen der Privatisierung, dargestellt am Beispeil Estland", Herbert B. Schmidt. Ludwig-Erhard-Siftung, Bonn 1996.
*Soziale Marktwirtschaft als Historische Weichenstellung, "Methodenfragen der Privatisierung, dargestellt am Beispeil Estland", Herbert B. Schmidt. Ludwig-Erhard-Siftung, Bonn 1996.
*Alfred Müller-Armack/Herbert B. Schmidt (Hg.): Wirtschafts- und Finanzpolitik im Zeichen der sozialen Marktwirtschaft. Festgabe für Franz Etzel, Stuttgart-Degerloch 1967
*Alfred Müller-Armack/Herbert B. Schmidt (Hg.): Wirtschafts- und Finanzpolitik im Zeichen der sozialen Marktwirtschaft. Festgabe für Franz Etzel, Stuttgart-Degerloch 1967.
*Joachim Starbatty (Ed). Ein Leben fur die Marktwirtschaft: Dr. Herbert B. Schmidt (pp. 245-281). Lau-Verlag & Handel, KG, 2021.


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[[Category:German economists]]
[[Category:German economists]]
[[Category:1931 births]]
[[Category:1931 births]]
[[Category:Living people]]

Latest revision as of 16:24, 13 March 2024

Herbert B. Schmidt (23 April 1931 - 7 March 2024) was a German economist and public policy advisor, best known for his work in privatization in the former East Germany and Eastern Europe.[1]

Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns.[2] Schmidt was the chief privatization advisor to Estonian Prime Minister Mart Laar,[3] and is a former economics minister of the German Lander of Saxony.[4] From 1998 to 2001, he was Commissioner of the Securities Commission of Bosnia and Herzegovina.[5]

In 1998, he was awarded the Order of the White Star of Estonia[6] for his work with the German Treuhandanstalt in Estonia. Schmidt's efforts in privatization were particularly detailed in a festschrift published for his 90th birthday.

References

[edit]
  1. ^ Im Freien Estland, Hennig von Wistinghausen, Bohlau Verlag, 2004, p.323.
  2. ^ Privatization in Developing Countries, John Nellis, SAIS Review, Vol. 27, No. 2, 2007.
  3. ^ Privatization in Estonia, Erik Terk, Estonian Institute for Future Studies, 2000.
  4. ^ Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.
  5. ^ IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.
  6. ^ "The President of Estonia 1992-2001 - Official Duties - Decorations of the Republic of Estonia". Archived from the original on 2005-11-02. Retrieved 2008-12-22.

Further reading

[edit]
  • Methods of Privatization, Andrew Berg and Elliot Berg, Journal of International Affairs, Vol. 50, 1997.
  • Soziale Marktwirtschaft als Historische Weichenstellung, "Methodenfragen der Privatisierung, dargestellt am Beispeil Estland", Herbert B. Schmidt. Ludwig-Erhard-Siftung, Bonn 1996.
  • Alfred Müller-Armack/Herbert B. Schmidt (Hg.): Wirtschafts- und Finanzpolitik im Zeichen der sozialen Marktwirtschaft. Festgabe für Franz Etzel, Stuttgart-Degerloch 1967.
  • Joachim Starbatty (Ed). Ein Leben fur die Marktwirtschaft: Dr. Herbert B. Schmidt (pp. 245-281). Lau-Verlag & Handel, KG, 2021.
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