ECONOMIC GROWTH:
Left But Right*

By David R. Henderson

In 1996 the Nobel Prize in economics went to two men of the political left. Hoover fellow David R. Henderson, a man of the political right, applauded. Why? The winners put economics above their politics, producing one important insight after another-including insights into the importance of flatter taxes.

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David R. Henderson is a research fellow with the Hoover Institution. He is also an associate professor of economics at the Naval Postgraduate School in Monterey, California.