David R. Henderson

Research Fellow
Biography: 

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

Henderson's writing focuses on public policy. His specialty is in making economic issues and analyses clear and interesting to general audiences. Two themes emerge from his writing: (1) that the unintended consequences of government regulation and spending are usually worse than the problems they are supposed to solve and (2) that freedom and free markets work to solve people's problems.

David Henderson is the editor of The Concise Encyclopedia of Economics (Warner Books, 2007), a book that communicates to a general audience what and how economists think. The Wall Street Journal commented, "His brainchild is a tribute to the power of the short, declarative sentence." The encyclopedia went through three printings and was translated into Spanish and Portuguese. It is now online at the Library of Economics and Liberty. He coauthored Making Great Decisions in Business and Life (2006). Henderson's book, The Joy of Freedom: An Economist's Odyssey (Financial Times Prentice Hall, 2001), has been translated into Russian. Henderson also writes frequently for the Wall Street Journal and Fortune and, from 1997 to 2000, was a monthly columnist with Red Herring, an information technology magazine. He currently serves as an adviser to LifeSharers, a nonprofit network of organ and tissue donors.

Henderson has been on the faculty of the Naval Postgraduate School since 1984 and a research fellow with Hoover since 1990. He was the John M. Olin Visiting Professor with the Center for the Study of American Business at Washington University in St. Louis in 1994; a senior economist for energy and health policy with the President's Council of Economic Advisers from 1982 to 1984; a visiting professor at the University of Santa Clara from 1980 to 1981; a senior policy analyst with the Cato Institute from 1979 to 1980; and an assistant professor at the University of Rochester's Graduate School of Management from 1975 to 1979.

In 1997, he received the Rear Admiral John Jay Schieffelin Award for excellence in teaching from the Naval Postgraduate School. In 1984, he won the Mencken Award for best investigative journalism article for his Fortune article "The Myth of MITI."

Henderson has written for the New York Times, Barron's, Fortune, the Los Angeles Times, the Chicago Tribune, Public Interest, the Christian Science Monitor, National Review, the New York Daily News, the Dallas Morning News, and Reason. He has also written scholarly articles for the Journal of Policy Analysis and Management, the Journal of Monetary Economics, Cato Journal, Regulation, Contemporary Policy Issues, and Energy Journal.

Henderson has spoken before a wide variety of audiences, including the American Farm Bureau Federation, the Chicago Council on Foreign Relations, the St. Louis Discussion Club, the Commonwealth Club of California (National Defense and Business Economics Section), the Cato Institute, and the Heritage Foundation. He has also spoken to economists and general audiences at many universities around the country, including Carnegie-Mellon, Brown, the University of California, Berkeley, the University of California, Davis, the University of Rochester, the University of Chicago, Harvard University's John F. Kennedy School, and the Hoover Institution. He has given papers at annual conferences held by the American Economics Association, the Western Economics Association, and the Association of Public Policy and Management. He has testified before the House Ways and Means Committee, the Senate Armed Services Committee, and the Senate Committee on Labor and Human Resources. He has also appeared on the O'Reilly Factor (Fox News), C-SPAN, CNN, the Newshour with Jim Lehrer, CNBC Squawk Box, MSNBC, BBC, CBC, the Fox News Channel, RT, and regional talk shows.

Born and raised in Canada, Henderson earned his bachelor of science degree in mathematics from the University of Winnipeg in 1970 and his Ph.D. in economics from the University of California, Los Angeles, in 1976.

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Recent Commentary

Analysis and Commentary

Murphy on Geo-Engineering

by David R. Hendersonvia EconLog
Wednesday, December 9, 2009

Murphy compares the cost of doing nothing about global warming with the cost of Waxman-Markey and writes: Of the estimates in the eleven studies published since the year 1995, the worst case is a global GDP loss of 1.9 percent. . . .

Analysis and Commentary

CBS Sixty Minutes: Insider Trading in Sports

by David R. Hendersonvia EconLog
Tuesday, December 8, 2009

Last week, I blasted CBS's show 60 Minutes. . . .

Analysis and Commentary

NY Times' Non-Reporting Reporting

by David R. Hendersonvia EconLog
Monday, December 7, 2009

If you want to see a great example of a purported news story in which the reporters try to bias the story one way, check out today's New York Times story on Climategate. . . .

Analysis and Commentary

A Glimmer of Hope on Freedom

by David R. Hendersonvia EconLog
Sunday, December 6, 2009

In some ways, Canada has much less freedom of speech than we have in the United States. . . .

Analysis and Commentary

Dean Baker Nails It on Immigration

by David R. Hendersonvia EconLog
Saturday, December 5, 2009

In a Washington Post story today, reporter Philip Rucker bemoans the fact that the expansion of demand for medical care that would follow from the passage of Congress's health care bill would butt up against a restricted supply of doctors. . . .

Analysis and Commentary

Ridiculous Sentence on Economic Policy

by David R. Hendersonvia EconLog
Saturday, December 5, 2009

Co-blogger Bryan asked for candidates for ridiculous sentences on economic policy. . . .

Analysis and Commentary

Fortune Encyclopedia of Economics in Alexandria

by David R. Hendersonvia EconLog
Wednesday, December 2, 2009

The predecessor to The Concise Encyclopedia of Economics was The Fortune Encyclopedia of Economics. . . .

Analysis and Commentary

Ayn Rand Discovers Public Choice

by David R. Hendersonvia EconLog
Tuesday, December 1, 2009

This is from Ayn Rand and the World She Made, by Anne C. Heller. . . .

Analysis and Commentary

CBS's Propaganda on Gold

by David R. Hendersonvia EconLog
Monday, November 30, 2009

In the lead segment of "60 Minutes" last night, CBS did the unusual: it presented an incoherent story. . . .

Analysis and Commentary

Bob Murphy on EMH

by David R. Hendersonvia EconLog
Saturday, November 28, 2009

Ever since I was an assistant professor at the University of Rochester's B-school (now called the Simon School) in the late 1970s, I have believed in the Efficient Markets Hypothesis. . . .

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