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

Decisions And Outcomes

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

In yesterday's post in which I applied the Third Pillar of Economic Wisdom to some decisions made near the end of the Superbowl game, I didn't challenge the conventional wisdom that say that Seahawks coach Pete Carroll made a bad decision about the play call on the second down.

Analysis and Commentary

Are Competition And Cooperation Opposites?

by David R. Hendersonvia EconLog
Monday, February 2, 2015

In short, real-world examples of "cooperation" are often not as selfless as, say, volunteering to donate blood or anonymously sending cash to a charity. Instead, real-world cooperation is often enforced by a group of peers, using a combination of economic, legal and social incentives to reward those who act with the group and to impose costs on those outside the group.

Analysis and Commentary

The Jevons Fallacy

by David R. Hendersonvia EconLog
Sunday, February 1, 2015

Noah Smith writes: "And while our use of natural gas and coal doesn't feed the coffers of unsavory regimes like Russia and Saudi Arabia the way our use of oil does, it's still the case that these energy sources are limited. They run out."

Analysis and Commentary

What Is Ray Lopez Missing?

by David R. Hendersonvia EconLog
Thursday, January 29, 2015

Regular Econlog commenter Ray Lopez writes, in response to Scott Sumner:

Analysis and Commentary

Some Californians Versus The State

by David R. Hendersonvia EconLog
Tuesday, January 27, 2015

In the last year I have made our sister legal blog, Library of Law and Liberty, part of my newsfeed. I read most of their posts and learn from many of them. Today, blogger and George Mason University Law School Professor Michael S. Greve has a good post on why we Californians are suddenly paying more than $5.00 for a dozen eggs.

Open Book
Analysis and Commentary

A Lesson In Rhetoric

by David R. Hendersonvia EconLog
Monday, January 26, 2015

On Facebook yesterday, an economist friend wrote that, in criticizing work by Thomas Piketty, he was claiming that Piketty is arrogant. He asked me (and others) if I thought that it was a good idea for him to make a joke linking Piketty's presumed arrogance with his being French and an intellectual.

Analysis and Commentary

We Are Lucky

by David R. Hendersonvia EconLog
Monday, January 26, 2015

One of my pleasures in travel in the United States and Canada is running into, and having short enjoyable conversations with, immigrants from Ethiopia. A little game I play, when I have an interaction with someone--typically in a cab, at a retailer in an airport, or in a hotel--who looks Ethiopian, is to say, "Let me guess where you're from."

Analysis and Commentary

Extracting Information From Recent Events

by David R. Hendersonvia EconLog
Friday, January 23, 2015

In a recent post, co-blogger Bryan Caplan cautions against taking any recent event and glibly asserting that the event shows whatever the person using it wants the event to show. I agree wholeheartedly with that caution.

Analysis and Commentary

Power Corrupts AND Attracts the Corruptible

by David R. Hendersonvia EconLog
Thursday, January 22, 2015

I'm traveling this morning from Pennsylvania to Newark Airport to Toronto and so I'll be brief.

Analysis and Commentary

The Two Davids Converge

by David R. Hendersonvia EconLog
Wednesday, January 21, 2015

Regular readers of this blog know that I was pretty harsh on David Cay Johnston recently (here and here). But David is persistent. He posted an excellent comment on my first post. If I don't mention it here, it will be lost to virtually all Econlog readers.

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