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

Noah Smith on Brad DeLong

by David R. Hendersonvia EconLog
Monday, January 19, 2015

Noah Smith has an excellent post in which he challenges a key Brad DeLong claim. It's titled "DeLong Smackdown Patrol: How worse off are we really?"

Analysis and Commentary

Henry G. Manne, RIP

by David R. Hendersonvia EconLog
Saturday, January 17, 2015

Henry G. Manne, one of the pathbreaking contributors to Law and Economics, died this morning.

Analysis and Commentary

Piketty: "Violent Shocks" Needed to Raise Tax Rates

by David R. Hendersonvia EconLog
Thursday, January 15, 2015

War is the health of the state.

Analysis and Commentary

Thumbs Up for "The Interview"

by David R. Hendersonvia EconLog
Tuesday, January 13, 2015

Over the holiday, I rented the Seth Rogen movie "The Interview" on On Demand. I liked it. I didn't love it and I could have done without most of the bathroom humor, but there were some serious messages in it.

Martin Anderson speaks at the Hoover Institution's Reykjavik Summit in 2006.
Analysis and Commentary

Martin Anderson, RIP

by David R. Hendersonvia EconLog
Monday, January 12, 2015

If you are an American male under age 67, you should take a moment and give thanks to Hoover Institution Senior Fellow Martin Anderson, who died on January 3. Why? Because he helped contribute to ending military conscription. Conscription ended on June 30, 1973. Until then, American men between age 18 and 26 were subject to it and boys younger than that had conscription to "look forward" to.

Analysis and Commentary

How the Web Has Changed Journalism

by David R. Hendersonvia EconLog
Sunday, January 11, 2015

It's probably obvious to most readers just how much the web has changed journalism. But my recent debate with David Cay Johnston both on Econlog (here and here) and over at Cafe Hayek is a nice illustration.

Immigration
Analysis and Commentary

John Lee on Krugman and Cowen on Immigration Restrictions

by David R. Hendersonvia EconLog
Friday, January 9, 2015

John Lee has written an excellent piece in which he gently chides Paul Krugman and Tyler Cowen (mainly the former) for their unwillingness to advocate "open borders." I put that term in quotation marks because Robert P. Murphy has persuaded me that the term does not accurately express what either John Lee, Bryan Caplan or I want.

Analysis and Commentary

Response to David Cay Johnston

by David R. Hendersonvia EconLog
Thursday, January 8, 2015

David Cay Johnston has replied, in three lengthy comments (here, here, and here), to my post and other commenters' comments. I want to reply to what he said that challenges my statement that he is confusing poverty and income inequality, because that is the issue I addressed in my post.

Analysis and Commentary

David Cay Johnston's Confusion

by David R. Hendersonvia EconLog
Wednesday, January 7, 2015

"Inequality Damages Marriage" is the title of a recent article by David Cay Johnston. But his article shows no such thing.

Analysis and Commentary

Is Tax Dodging Bad or Good?

by David R. Hendersonvia EconLog
Monday, January 5, 2015

Your answer will depend on your values and your model of government.

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