$ 2.5M donation honors selected Clemson economics professors> GSA Business

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The John E. Walker Department of Economics at Clemson University recently received a donation of $ 2.5 million from an anonymous donor. This academic cornerstone donation will support the doctorate. program in economics and honor faculty members who have contributed in the past. Clemson Cornerstone Partners is a group of donors who have given the university $ 2.5 million or more.

Intended to advance the department and honor the past, the giveaway will be for scholarships named after influential professors Mike Maloney, Bobby McCormick, John Warner, Robert Tollison, Matt Lindsay and Myles Wallace, who played an important role in the development of the economics department, according to a press release.

Mike maloney joined Clemson’s economics department when he was still small. He helped create the doctorate in economics. program at Clemson during his 45-year teaching career.

Robert “Bobby” McCormick received his undergraduate and graduate degrees in economics from Clemson before earning his doctorate at Texas A&M. He returned to teaching economics at Clemson for decades before becoming dean of Wilbur O. and Ann Powers College of Business. Today, McCormick does consulting work in a number of areas, including corporate financial affairs, corporate planning and development, and environmental issues.

John warner began his career in the economics department at Clemson in 1980, before the existence of the doctorate. program. His continued work with the Ministry of Defense throughout his career has fueled his expertise in labor economics, macroeconomics and economic growth. He chaired 11 thesis or thesis juries.

Robert “Bob” Tollison, originally from the north, was a senior economist on the Presidential Council of Economic Advisers early in his career, followed a decade later by his appointment as director of the Bureau of Economic Analysis at the Federal Trade Commission. He was J. Wilson Newman Professor of Economics at Clemson.

Matt lindsay began his career in the US Air Force before entering academia and after earning his doctorate. in economics, he was selected as a Hoover Institute Fellow to study health care in Britain at the London School of Economics. After teaching at several universities, he landed in Clemson, where he mentored graduate students and worked to build a community for young academics for 30 years until his retirement in 2012.

Myles Wallace joined Clemson faculty in 1980 and spent 27 years teaching in the economics department. His main research interest was applied macroeconomics, where he specialized in empirical testing of the validity of dominant theories on the functioning of macroeconomics. His classes aimed to teach students how to use modern statistical methods to get answers to real world problems. He died in 2016.

“The funding has helped us attract graduate students not only from the United States but from around the world,” Scott Baier, professor and department chair, said in the statement. “Currently, we have graduate students from South America, Europe, Africa and Asia. Another important thing that it has provided is the attraction for the faculty members. Professors want to be where there is a good graduate program. In short, this giveaway has made Clemson a place where people want to save money and do it well.

As part of the Cornerstone donation, $ 1.7 million will create a new annual economics scholarship fund to provide scholarships to students in the department; $ 520,000 will create the Faculty of the Department of Economics Fund for the benefit of the Faculty of Economics and could support salary supplements, graduate assistants and research; $ 280,000 will create the Economic Analysis Fund to fund supplies, research and travel, the statement said.

A portion of this donation will also be used for the Wilbur O. and Ann Powers College of Business analytics initiative.

“This is going to make a huge difference for our graduate and undergraduate students in learning the business analysis skills that are so essential to them in making data-driven strategic business decisions,” said Wendy York, Dean of Wilbur O. and Ann Powers College of Enterprise.

“We are grateful for this cornerstone gift that honors the faculty and leaders who have helped make the department, college and Clemson University what they are today,” said President Jim Clements in the press release. “The funding and scholarships made possible by this generous donation will have an immeasurable impact on the study and research of economics for our current and future faculty, staff and students. ”

Contact Ross Norton at 864-720-1222.

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