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- ^ Im Freien Estland, Hennig von Wistinghausen, Bohlau Verlag, 2004, p.323.
- ^ Privatization in Developing Countries, John Nellis, SAIS Review, Vol. 27, No. 2, 2007.
- ^ Privatization in Estonia, Erik Terk, Estonian Institute for Future Studies, 2000.
- ^ Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.
- ^ IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.
- ^ "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.