Bruce Yandle

Bruce Yandle

  • Mercatus Center Distinguished Adjunct Professor of Economics
  • Dean Emeritus, Clemson College of Business and Behavioral Sciences

Bruce Yandle is a distinguished adjunct professor of economics with the Mercatus Center at George Mason University. His primary research interests are public choice, regulation, and free market environmentalism. He is dean emeritus of the Clemson College of Business and Behavioral Sciences.

Dr. 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 Rights,Common Sense and Common Law for the Environment, Regulation by Litigation, and Bootleggers and Baptists:  Explaining America's Regulatory Saga, which is forthcoming. Dr. Yandle also publishes a quarterly working paper on the current economic situation.

From 1976 to 1978, Dr. Yandle was a senior economist on the staff of the President's Council on Wage and Price Stability, where he reviewed and analyzed newly proposed regulations. From 1982 to 1984, he was executive director of the Federal Trade Commission. He served as a member and chair of the S.C. State Board of Economic Advisors. Before beginning his career in university teaching, Dr. Yandle was in the industrial machinery business in Georgia for fifteen years.

Dr. Yandle received his PhD and MBA from Georgia State University and his AB from Mercer University.

Published Research

Bruce Yandle | Mar 01, 2013
There was only one lane open as I made my trip to Atlanta; the other three were blocked with those unhappy yellow and black make-believe barrels used by the highway folks. Traffic flow was constrained by efforts to repair potholes and broken pavement. We in the slow lane had little choice in the matter. Instead of 70, we were slowed to 20 miles per hour. We had to accept our fate, or find another route at the next exit.
Bruce Yandle | Dec 05, 2012
As 2012 comes to an end, how is the great American bread machine faring? Are we about to move from the pale-growth doldrums and shift into passing gear? Or will 2013 bring more of the same?
Bruce Yandle | Oct 09, 2012
This special Mercatus Center edition of my Economic Situation report focuses on what I call the stumbling U.S. economy. In the report, I seek to explain how and why the economy is performing so poorly. I do this by assessing some of the economy’s major features. The first assessment involves an examination of the economy’s uneven pulse beat, best seen in GDP growth data. I then turn to state unemployment and state GDP growth data and present another picture of uneven growth. After discussing federal budgets and deficits, I turn to labor markets and then to an assessment of the Federal Reserve Board’s efforts to stimulate the economy using quantitative easing. I conclude this special report with a brief review of what has happened to income distribution and a short summary of what I expect we will see across the rest of 2012 and in 2013.
Bruce Yandle | Sep 11, 2012
The U.S. economy has not been healthy since 2001 when 9/11 pushed the country into a recession. As the accompanying data tell us, real GDP growth has risen to meet the long-term average of 3.11 percent just once since 2001, and that was in 2004. The combination of wars, financial collapse, natural disasters, and political games has taken a heavy toll on economic growth. No one is talking about 3 percent or better growth anytime in the foreseeable future. But it’s not just about Democrats and Republicans. It’s about something deep in the economy.

Working Papers

Antony Davies, Bruce Yandle, Derek Thieme, Robert Sarvis | Apr 05, 2012
Can deliberate government spending activities have a continuing net positive impact on economic activity? Do federal spending programs designed to offset a recession’s negative effects really add a net positive nudge to GDP growth? Can government purposefully and successfully stimulate ongoing employment growth?
Bruce Yandle, Jody Lipford | Aug 01, 2011
This paper seeks to examine a relationship between the share of citizens who pay taxes, taxpayers, and those who receive federally funded benefits, tax spenders, or what we ordinarily think of as tax beneficiaries.
Bruce Yandle | Jan 27, 2011
Where do jobs come from? This paper takes a detailed look at what policymakers need to know when in comes to creating jobs.
Jody Lipford, Bruce Yandle | Mar 16, 2010
The North American Free Trade Agreement generated much debate about the effects of freer and more open trade on the environment. Many environmentalists believed increased trade would lead to environmental degradation, while many economists argued that increased trade would enrich countries, leading to environmental improvement. Substantial empirical work supported an Environmental Kuznets Curve in which rising income increases pollution until a certain threshold is reached, after which pollution diminishes. In this paper we examine Mexico’s environmental record in the pre- and post-NAFTA periods. The evidence shows that although Mexico’s environmental quality has improved by some measures, by most measures it has deteriorated. We conclude that economic growth has been insufficient to bring widespread environmental improvement.

Policy Briefs

Testimony & Comments

Research Summaries & Toolkits

Media Clippings

Bruce Yandle | Sep 20, 2012
Outlet: National Center for Policy Analysis
Bruce Yandle | Sep 16, 2012
Outlet: The Washington Examiner
Bruce Yandle | Sep 10, 2012
Outlet: Independent Mail
Bruce Yandle | May 01, 2012
Outlet: The U.S. News and World Report

Expert Commentary

Feb 14, 2013

Rahm Emanuel, the mayor of Chicago and former White House chief of staff, is famous for a lot of things. But perhaps his most celebrated claim to fame has to do with the politics of crises.
Sep 05, 2012

f we unlocked our known reserves, the United States would become one of the world's largest oil producers. Gasoline prices would head south. Instead of unlocking our supply of gasoline, Washington politicians responding to environmental concerns have cut it back.
May 01, 2012

Several key economic reports will come out this week including the Institute for Supply Management indexes, auto sales, construction spending, and the monthly job numbers. After Friday's announcement of the first estimate for first quarter gross domestic product growth generated some interesting news headlines, it's easy to see why someone might be confused about how the economy is doing.
Mar 07, 2012

Economist Bruce Yandle says the prospects for Friday's jobs report are pretty bright due to three indicators: ISM numbers, industrial production numbers, and the upward revision of fourth-quarter GDP.