CLEMSON — Clemson University’s Bruce Yandle, acclaimed economist in academic and political arenas, has been named the 2016 recipient of the Julian L. Simon Memorial Award by the Competitive Enterprise Institute (CEI).

Bruce Yandle

Bruce Yandle

Dean emeritus of Clemson University’s College of Business and Behavioral Science, Yandle will be presented the award June 2 at the public policy institute’s annual gathering in Washington, D.C.

Beginning in 2001, CEI has honored the legacy of free-market economist and professor Julian Simon by presenting the Julian L. Simon Memorial Award to an individual whose work supports the vision that man is the ultimate resource.

“Bruce Yandle’s contributions to the understanding of economic policy are unparalleled. From advertising and commercial speech at the Federal Trade Commission to the economics of natural resources, his work has been a guiding light for regulatory practitioners, students and the public alike,” said CEI president Kent Lassman. “The seminal illustration of interest group behavior, Yandle’s path-breaking ‘Bootleggers and Baptists,’ continues to provide practical insights to today’s policy debates.”

“Bootleggers and Baptists,” a 2014 book co-authored by Yandle and his grandson, Adam Smith, expands on his earlier, now classic, article that illustrates how economic forces and moral persuasion interact to shape regulatory politics.

“The Julian Simon award is especially meaningful to me. In the ‘70s when most experts were warning of shortages of oil, copper, tin and even arable land to feed a growing population, Julian stayed true to his training in economics and became famous for his optimistic viewpoint,” Yandle said. “Julian argued that man would find ways around scarcities so long as we allowed markets to operate. I count this as a high honor. He was an inspiration to me and other Clemson economists who share his belief that human beings are the ultimate resource.”

Yandle began his career as an economics professor at Clemson in 1969 and retired in 2000. He returned to serve as dean of the College of Business and Behavioral Science from 2004 to 2007. As a senior fellow of Clemson’s Strom Thurmond Institute of Government Affairs, he produces a quarterly newsletter that analyzes national, regional and state economic trends and activity. He also is a Distinguished Adjunct Professor at the Mercatus Institute at George Mason University.

A Senior Fellow Emeritus at the Property and Environment Research Center in Bozeman, Montana, Yandle served as a senior economist at the White House during the Ford administration and as executive director of the Federal Trade Commission during the Reagan administration. Yandle frequently briefs Capitol Hill policymakers on economic issues and lectures regularly in Mercatus programs for House and Senate staffers.

He has also served as a member and chairman of the South Carolina State Board of Economic Advisors and as chairman of the board of trustees of Spartanburg Methodist College.

He has written more than 100 journal articles and written or edited 16 books.

The Competitive Enterprise Institute is a nonprofit public policy organization dedicated to advancing the principles of limited government, free enterprise and individual liberty.

Steve Forbes, Forbes Media chairman and editor-in-chief, will deliver the keynote address at CEI’s event. Mary Katharine Ham, CNN political commentator and senior editor for The Federalist, will serve as master of ceremonies.