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

Flying ideas
Analysis and Commentary

Eric Posner's Tin Ear

by David R. Hendersonvia EconLog
Friday, February 13, 2015

Legal scholar Eric Posner has written a piece on Slate defending various restrictions on students' speech. Robby Soave, at Reason's Hit and Run blog, has a good critique of much of Posner's article. But I want to point out a huge problem with Posner's piece that Soave did not comment on.

Analysis and Commentary

The Iron Law Of You

by David R. Henderson mentioning Russ Robertsvia EconLog
Wednesday, February 11, 2015

I recently sent off my review of Russ Roberts' book How Adam Smith Can Change Your Life. The publication I sent the review to is a quarterly and so it should run in the Spring. I highly recommend Russ's book, by the way. (Russ, as most readers of this post probably already know, is the host of Econtalk.)

Analysis and Commentary

The Incredible Chinese Contract Manufacturers

by David R. Hendersonvia EconLog
Tuesday, February 10, 2015

"Contract manufacturers make products for other companies that prefer to focus on product design and marketing. In China, "you can find a specialist in any product," said Stephen Maurer, a Shanghai-based managing director at consulting firm AlixPartners.

Analysis and Commentary

Allen Wallis vs. David Henderson on Amnesty

by David R. Hendersonvia EconLog
Tuesday, February 10, 2015

I was talking to a fellow academic economist today who is also a strong critic of military conscription. He had read my post in which I discussed my disagreement with the late W. Allen Wallis about amnesty for draft dodgers.

Analysis and Commentary

Hell Nyet, We Won't Go

by David R. Hendersonvia EconLog
Monday, February 9, 2015

The late Milton Friedman was the one of the strongest and most eloquent opponents of military conscription. In all my conversations with him, though, and in all of his writing on the draft, I don't recall whether he took a stand on draft dodging.

Analysis and Commentary

Great Moments In Responsive Government Regulation

by David R. Hendersonvia EconLog
Monday, February 9, 2015

This is from Paul Vieira, "Canadians to See Super Bowl Ads--in 2017," Wall Street Journal, January 30, 2015.

Analysis and Commentary

Jonathan Gruber On Sin Taxes

by David R. Hendersonvia EconLog
Sunday, February 8, 2015

I found an interesting article on sin taxes written by MIT economist Jonathan Gruber. It's titled "Taxing Sin to Modify Behavior and Raise Revenue."

Analysis and Commentary

A Local's Defense Of Property Rights

by David R. Hendersonvia EconLog
Thursday, February 5, 2015

I live in coastal California, where defenses of property rights are few and far between. That's why I was heartened by this cover story in our local left-wing newspaper, the Monterey County Weekly. It's titled "A longtime Carmel Valley activist gears up for one more fight: the right to be buried in her front yard," and appeared in the January 29-February 4 issue.

Analysis and Commentary

Reply To Student On Minimum Wage

by David R. Hendersonvia EconLog
Wednesday, February 4, 2015

Two weeks ago today, I gave a talk at Susquehanna University in Selinsgrove, Pennsylvania. I had a good time, by the way, and I estimate that, in the midst of a small snow storm, over 150 students and faculty attended.

Football in motion over grass
Analysis and Commentary

Seattle Seahawks' Many Margins

by David R. Hendersonvia EconLog
Tuesday, February 3, 2015

If you think that the tools of economics don't apply to yesterday's exciting Superbowl, then you're mistaken.

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