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

John Goodman on ObamaCare

by David R. Hendersonvia EconLog
Wednesday, March 3, 2010

John Goodman writes: The two most serious defects of ObamaCare were never discussed at the Health Care Summit or in the President's speech this afternoon. . . .

Analysis and Commentary

Logic: Denying the Antecedent

by David R. Hendersonvia EconLog
Wednesday, March 3, 2010

My favorite part of the introductory philosophy course I took at the University of Winnipeg was the segment on logic, especially on logical fallacies. . . .

Analysis and Commentary

GDP Fetishism

by David R. Hendersonvia Econlib
Monday, March 1, 2010

When economics professors teach the basics of Gross Domestic Product (GDP), we usually caution our students that it is not a good measure of welfare. . . .

Analysis and Commentary

Insights on Krugman

by David R. Hendersonvia EconLog
Friday, February 26, 2010

The New Yorker carries a long puff piece on Paul Krugman that gives you some insight into the man and his work, especially his New York Times column. . . .

Analysis and Commentary

LDC Debt

by David R. Hendersonvia EconLog
Friday, February 26, 2010

In going through memos I wrote at the Council of Economic Advisers, I came across the following memo that I wrote to Jeff Frankel, who replaced Paul Krugman as the International Finance economist at the CEA. . . .

Analysis and Commentary

Health Care Summit "Mid-Mortem"

by David R. Hendersonvia EconLog
Thursday, February 25, 2010

I've been watching the health care summit on C-SPAN and I followed the live blogging on Cato's site done by Arnold Kling and others. . . .

Analysis and Commentary

CEA on "Reforming Health Care"

by David R. Hendersonvia EconLog
Wednesday, February 24, 2010

The chapter, "Reforming Health Care," in the Economic Report of the President February 2010, is chock full of interesting facts and arguments. . . .

Analysis and Commentary

Reply to DeLong

by David R. Hendersonvia EconLog
Tuesday, February 23, 2010

Brad DeLong, in a belated comment at the end of my post, writes: So is your argument really that if not for the stimulus package wages would be falling--and falling wages would be inducing employers to hire lots more workers? . . .

Analysis and Commentary

Ralph Nader and Campaign Finance

by David R. Hendersonvia EconLog
Monday, February 22, 2010

At the event I was at on Saturday, Ralph Nader gave an excellent speech. . . .

Analysis and Commentary

Fun With Ralph Nader

by David R. Hendersonvia EconLog
Sunday, February 21, 2010

Yesterday, I was at an all-day meeting of "left and right" in Washington to see if we could put together a coalition against the various wars that the U.S. is in but not in. . . .

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