Burton Weisbrod
| Burton Weisbrod | |
|---|---|
| Born |
February 13, 1931 Chicago, Illinois |
| Nationality | United States |
| Institution | Northwestern University |
| Field |
Public economics benefit-cost analysis Nonprofit sector |
| Alma mater |
University of Illinois at Urbana Champaign Northwestern University |
| Contributions | option value externality measurement nonprofit sector theory |
| Awards |
Lifetime Distinguished Research Award, Association for Research on Nonprofit Organizations & Voluntary Action, 1997 |
Lifetime Distinguished Research Award, Association for Research on Nonprofit Organizations & Voluntary Action, 1997
Burton A. Weisbrod (born February 13, 1931 in Chicago, Illinois) is an American economist who pioneered the theory of option value and also advanced methods for benefit-cost analysis of public policy by recognizing the roles of externality effects in program evaluation. He applied those methods to the fields of education, health care, poverty and nonprofit organization. Over a career of fifty years, he published 16 books and over 200 scholarly articles. He is currently the John Evans Professor of Economics and a Faculty Fellow of the Institute for Policy Research at Northwestern University.
Weisbrod was born on February 13, 1931, in Chicago. He graduated from Von Steuben High School and then earned a bachelor's degree from the University of Illinois at Urbana-Champaign, followed by a Ph.D. in Economics from Northwestern University.
Weisbrod is currently the John Evans Professor of Economics at Northwestern University. From 1990 to 1995, Weisbrod served as director of Northwestern University's Institute for Policy Research (IPR), then known as the Center for Urban Affairs and Policy Research. Before that, he spent 26 years on the economics faculty at the University of Wisconsin–Madison where he was Evjue-Bascom Professor of Economics, Director of the Center for Health Economics and Law, and Director of the National Institute of Mental Health Training Program in Health and Mental Health Economics.
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