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

David R. Henderson is a research fellow with the Hoover Institution.
Analysis and Commentary

I Am Not Charlie Hebdo

by David R. Hendersonvia EconLog
Tuesday, April 7, 2015

After the horrible murders of workers at the French newspaper Charlie Hebdo in January, it became chic for a few weeks to wear buttons saying "I am Charlie Hebdo." I thought that was a mistake then and I almost wrote a blog post on it.

Analysis and Commentary

Basketball Team Composition And Relative Prices

by David R. Hendersonvia EconLog
Monday, April 6, 2015

I've been too busy to watch much of the NCAA March/April madness, but I started watching the final game tonight. When I realized that it's a private school (Duke) vs. a government school (U. of Wisconsin), I made a prediction.

Analysis and Commentary

The Real Teaching Moment In Brian Williams's "False Memory"

by David R. Hendersonvia EconLog
Monday, April 6, 2015

Memory experts have argued that NBC News anchor Brian Williams' dramatic fall from grace provides a wonderful "teaching moment" to alert the public about research findings on how flawed human memories are.

Analysis and Commentary

For Freedom Of Association

by David R. Hendersonvia EconLog
Sunday, April 5, 2015

There has been a lot of controversy lately about Indiana's religious freedom law. There's a simple solution to the problems that the law deals with: freedom of association.

Analysis and Commentary

Google's Gamble

by David R. Hendersonvia EconLog
Friday, April 3, 2015

My guess is that most of you have not followed what has been happening between Google and another web site I occasionally write for, www.antiwar.com. For the longer background, you can read about it in Dan Sanchez, "Don't See Evil: Google's boycott campaign against war photography and alternative media."

education
Analysis and Commentary

I'm a Full Professor!

by David R. Hendersonvia EconLog
Tuesday, March 31, 2015

Last summer, after 22 years as a tenured Associate Professor, I decided to come up for promotion to Full Professor. I did so partly at the urging of three colleagues in the Graduate School of Business and Public Policy, where I'm "lodged," and partly at the urging of two full professors in a different part of the campus.

Analysis and Commentary

The Miracle Of Compound Interest (And Dividends): A Personal Story

by David R. Hendersonvia EconLog
Monday, March 30, 2015

Last summer, I highlighted famous Canadian whisky producer Sam Bronfman's claim that the greatest invention in history is interest. I then posted on how to get rich slowly and drew strongly on the idea of compound interest. Of course, I take the principle to mean compound dividends also; that is, investing in stocks and then reinvesting the dividends in more stocks.

Analysis and Commentary

Russ Roberts On Adam Smith's Rules For Living

by David R. Henderson featuring Russ Robertsvia EconLog
Saturday, March 28, 2015

The prudent man, claims Roberts, does not smoke, is "physically active and keeps his weight under control," and "works hard and avoids debt."

Analysis and Commentary

Richer Than Rockefeller?

by David R. Hendersonvia EconLog
Friday, March 27, 2015

I gave a talk at UNC Wilmington on Monday night. The talk was titled "Seven Myths about Free Markets." One of the myths is that with free markets, the rich get richer and the poor get poorer.

Analysis and Commentary

He Had Me At Page One

by David R. Hendersonvia EconLog
Friday, March 27, 2015

This is the opening paragraph of "You Had Me at Page One," my review of Where Does It Hurt? by Jonathan Bush with Stephen Baker.

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