George S. Tolley, President

George Tolley is President of RCF, a Professor Emeritus of Economics at the University of Chicago, and the author or co-author of over 20 books and over 60 articles in professional journals. He has held executive positions in the Federal Government, including Deputy Assistant Secretary of the Treasury for Tax Policy and Director of the Economic Development Division of the U.S. Department of Agriculture.  Dr. Tolley was Director of the Center for Urban Studies at the University of Chicago from 1978 to 1985.

Dr. Tolley is a Fellow of the American Association for the Advancement of Science (AAAS).  He holds an Honorary Doctoral Degree from North Carolina State University.  He has served on committees of the National Academy of Science, including Automotive Pollution, Water Policy, and Energy Engineering.  He founded and is now Honorary Editor of the Elsevier professional journal Resource and Energy Economics.

Dr. Tolley is one of the pioneers in environmental economics.  The four volume series he edited and co-authored in the 1970’s, entitled Environmental Policy, originally developed and applied to air, water and wastes many of the techniques in use today.  Some of this work resulted from inter-disciplinary research conducted in cooperation with Argonne National Laboratory under National Science Foundation funding.  Dr. Tolley directed large projects for the U.S. Environmental Protection Agency that developed and applied contingent valuation techniques to environmental benefits.

Dr. Tolley has conducted several projects for the Wisconsin Electric Power Company, Commonwealth Edison, the Edison Electric Institute, and Peoples Gas.  These projects included evaluation of company environmental and conservation programs, forecasts of the impacts of new regulation; and market analysis of plant construction plans.

Dr. Tolley has analyzed proposed environmental regulations for the Illinois Department of Energy and Natural Resources and has testified at the Illinois Pollution Control Board.  Dr. Tolley has been an advisor to the Department of Environment of the City of Chicago and has performed economic analyses for many private companies as well as the City of Chicago.

Dr. Tolley is influential in policy formation and change at the international, federal, and local level.  He has performed extensive international work for the World Bank and the Agency for International Development.  He has served as an economic policy consultant to the governments of China, Venezuela, Panama, Korea, Thailand, Iran, and Gambia.  He has made major recommendations on agricultural and natural resource policies, housing privatization, regional development, and taxation.

Dr. Tolley directs RCF’s mail volume forecasting work for the U.S. Postal Service, and has served as the chief witness for the Postal Service on volume issues.