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Department of Economics

John E. Walker

John E. Walker

John E. Walker was graduated from Clemson with a B.S. in Industrial Management in 1958. At the urging of Professor Hugh Macaulay, he entered the graduate program in Economics at the University of Virginia, where he studied under Ronald Coase, James Buchanan, Leland Yeager and Warren Nutter, receiving his Ph.D. in 1963. At Virginia he was inducted into the Raven Society, the University's oldest and most distinguished honor society. Prior to graduation, he entered active military service as an artillery officer, rising to the rank of Captain. After concluding his military service, he was Research Director of the Investment Bankers Association for three years and then joined the faculty of Lehigh University, where he remained until 1978 when he joined the firm of Covert and Associates. In 1983, he acquired a part of that firm to create Andesa Services, which now provides financial management services to thirteen of the top U.S.-based insurance companies, as well as several large brokerage firms. John based Andesa's employee-centered structure and practices on the core ethical beliefs imbued in him by his father. In 2020, ownership of the firm was transferred entirely to its employees through an Employee Stock Ownership Plan.

The Department of Economics was named in honor of Walker in gratitude for the generous gift he made in the fall of 2001, which created an endowment fund that has propelled the expansion in size and quality that the department has subsequently achieved.

John E. Walker Department of Economics
John E. Walker Department of Economics | 320 Wilbur O. and Ann Powers Hall, Clemson, S.C. 29634