The economic consequences of liability rules by roger e. Bruce yandle is a distinguished adjunct fellow with the mercatus center at george mason university and dean emeritus of the clemson university college of. He is mercatus center distinguished adjunct professor of economics at george mason university and participates regulatory in the centers capitol hill lecture series. This chapter, written for a book celebrating yandle s career and contributions to economic thought, is inspired.
Contemporary economic problems, 1986 american enterprise. He is a distinguished adjunct fellow with the mercatus center. Bruce yandle, professor of economics at clemson university, provides the best answer that i know of in his most recent book, common sense and common law for the environment. He is mercatus center distinguished adjunct professor of economics at george mason university and participates regularly in the centers capitol hill lecture series. But yandle is also one of the most gifted communicators of economics and economic principles of his generation. Bruce yandle is an economist, writer and speaker on economics and political. Politics, bureaucracy, and the public interest, this volume of fourteen essays is edited by roger e. Bruce yandle of clemson university and george mason universitys mercatus center is among the circle of economists who pioneered environmental economics as a distinct subfield in the 1970s. Bruce yandle, of clemson, one of the most highly regarded economists in the country, is a nice enough guy that i could probably get him on the phone even if i hadnt taught his sons guitar, but it. Examples discussed include fisheries, roads, rivers and the air. The described axes reduce the tribe members thinking to simple tradeoffs with respect. Yandle frequently briefs capitol hill policymakers on economic issues and lectures regularly in. Yet this is what peter boettkes living economics delivers.
For much of the 20th century, baptists and other evangelical christians were prominent in political activism for sunday closing laws. Adam smith and bruce yandle are economists at clemson. In defense of common law liability by bruce yandle and roger e. He was one of the early pioneers of environmental economics as a distinct subdiscipline in the 1970s and has authored or edited 14 books on regulation and environmental policy.
Bridging the gap between academic ideas and realworld. This chapter, written for a book celebrating yandle s career and. The evolution of regulatory activities in the 1970s and 1980s, by bruce yandle. To weather the coronavirus storm, we all need to be a thousand points of light. Bootleggers and baptists is a concept put forth by regulatory economist bruce yandle, derived from the observation that regulations are supported both by groups that want the ostensible purpose of the regulation, and by groups that profit from undermining that purpose. An econtalk podcast listening guide bruce yandle on the tragedy of the commons and the implications for environmental regulation listen to the econtalk podcast bruce yandle on the tragedy of the commons and the implications for environmental regulation and consider these questions. He is a distinguished adjunct professor of economics at the mercatus center. Yandle examines todays most pressing environmental and natural resource management problems, including water quality, the ozone layer, acid rain, and access to groundwater. Bruce yandle is a distinguished mercatus center adjunct professor of economics at george mason university. Bruce yandle of clemson university and george mason universitys mercatus center looks at the tragedy of the commons and the various ways that people have avoided the overuse of resources that are held in common. Bruce yandle born august 12, 1933 is dean emeritus of clemson universitys college of business and behavioral science and alumni distinguished professor of economics emeritus at clemson. Bruce yandle people foundation for economic education.
Yandle begins his book with a description of a commonaccess resourcea hummingbird feeder in his backyard. The book applies the theorys insights to a wide range of current issues. Bruce yandle on the tragedy of the commons and the. In 18 chapters it surveys the state of the art the tradition and breadth of the field but also its current status and recent developments. Andrew dorchak is head of reference and foreigninternational law specialist, case western reserve university school of law library. He is mercatus center distinguished adjunct professor of economics at. Bruce yandle is a distinguished adjunct fellow with the mercatus center at george mason university and dean emeritus of the clemson university college of business and behavioral science. Bruce yandle is alumni distinguished professor of economics emeritus at clemson university and a senior associate with the political economy research center. Bruce yandle is alumni distinguished professor of economics emeritus, clemson university. Its one thing to be passionate about protecting the environment. His approach has been marked by an interest in the application of privatelaw solutions such as tort law to environmental issues. Bruce yandle clemson institute for the study of capitalism.
He also worked through the american enterprise institute and later the. Bruce yandle, books, articles and videos by bruce yandle. Bruce yandle s idea of public policy often being the result of shared interests that have conflicting motivations is one of the most interesting and widely cited concepts in public choice economics. Mccormick, part ii regulation and the reagan era, 3 regulatory reform under reagan the right way and the wrong way thomas f. Bruce yandle is alumni distinguished professor of economics emeritus at clemson university and a senior associate with the political economy research. Economics of environmental quality, books, american enterprise institute, number 973310. He is a distinguished adjunct professor of economics at the mercatus center, a faculty member with george mason universitys capitol hill campus, and a senior fellow with the property and environment. Bruce yandle is a distinguished adjunct professor of economics for the mercatus centers capitol hill campus program and the dean emeritus of the clemson college of business and behavioral sciences dr. Meiners is professor of ecoinomics at the university of texas at arlington and yandle is alumni professor of economics at clemson university. Reflections of a political economist cato institute. Bruce yandles idea of public policy often being the result of shared interests that have conflicting motivations is one of the most interesting and widely cited concepts in public choice economics. Economists adam smith and bruce yandle provide an accessible description of the.
Bootleggers and baptists in the market for regulation springerlink. Yandle talks with econtalk host russ roberts about the historical use of norms, cooperative ventures such as. It explains how statutory and common law liability rules evolved, how they work in current practice, and how changes in rules can alter economic outcomes in unintended ways. He is a distinguished adjunct professor of economics at the mercatus center, a faculty member with george mason universitys capitol hill campus, and a senior fellow emeritus with the property and environment research center perc. Bruce yandle is a distinguished adjunct fellow for the mercatus center at george mason university. Education economics, published online october 4, 2016, 115. Yandle frequently briefs capitol hill policymakers on economic issues and lectures regularly in mercatus programs for house and senate staffers. Bruce yandle and the art of economic communication. Bruce yandle is dean emeritus and professor of economics emeritus at clemson university and distinguished adjunct professor of economics at the mercatus center at george mason university. Economists adam smith and bruce yandle provide an accessible description of the theory and cite numerous examples of coalitions of economic and moral.
Bruce yandle alumni distinguished professor of economics, emeritus and dean emeritus, clemson university. Bruce yandle is one of the most influential economists of his generation, especially in the fields of environmental economics and public choice economics. Bruce yandle is an economist, writer and speaker on economics and political economy. Bruce yandle aier american institute for economic research. Bruce yandle is a consultant, writer and speaker on economics and political. He specializes in public choice, regulation, and freemarket environmentalism. Bruce yandle is alumni professor of economics at clemson university and a senior associate with perc in bozeman, montana. The good news is that the economy is in a bottoming process right now, according to bruce yandle, interim dean of clemson universitys business school and professor of economics at george mason. In this provocative new book, bruce yandle explores the relationship between common law and environmental protection, and he discusses how people can limit environmental impact while living in a world of common access. Meiners 1991, hardcover at the best online prices at ebay.
Bootleggers and baptiststhe education of a regulatory economist. What does yandle mean by his analogy of a hummingbird economy. Case studies from the council on wage and price stability. Unpublished manuscript, department of economics, clemson university, 1988. Bruce yandle is a contributor to the washington examiners beltway confidential blog. Bruce yandle is the dean emeritus of the college of business and behavioral science and alumni professor of economics emeritus at clemson university. Here with his grandson, he expands and updates on his original article from the 1980s. Professor yandle is the author or editor of the books, taking the environment seriously.
Yandle is the author or coauthor of numerous books, including taking the environment seriously, the political limits of environmental regulation, environmental use and the market, land. The handbook of public finance provides a definitive source, reference, and text for the field of public finance. Get notified of new articles from bruce yandle and aier. Bruce yandle and the art of economic communication by todd. Bruce yandle is a distinguished adjunct fellow for the mercatus center at george.
The devastating economic impact of the coronavirus and. Bruce yandle, alumni distinguished professor of economics, clemson university sign up receive periodic updates on cato research, events, and publications. Bruce yandle, professor of economics emeritus, clemson university sign up. He uses his insights to explain some of the seemingly perverse but politically understandable effects of the clean air act, the tobacco settlement and other regulation. Bruce yandle owner bruce yandle, economist linkedin. He is also a distinguished adjunct fellow of economics at the mercatus center at george mason university. Bruce yandle and the art of economic communication by todd j. Bruce yandle is a consultant, writer and speaker on economics and political economy. Yandle on the tragedy of the commons and the implications. This book studies the role of liability rules in an effort to illustrate the possible consequences of statutory tampering with them. Bruce yandle of clemson university explains why politics makes such strange bedfellows and the often peculiar alliance of selfinterested special interests with more altruistic motives.
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