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

NYPD's Reverse Washington Monument Strategy

by David R. Hendersonvia EconLog
Sunday, January 4, 2015

Here's what Richard L. Stroup writes about the Washington Monument Strategy (WMS):

Analysis and Commentary

Henderson on Weidenbaum

by David R. Hendersonvia EconLog
Saturday, January 3, 2015

My first article of 2015 is out. It's "A Feel for Economics: Murray Weidenbaum, 1927-2014," Regulation, Winter 2014-15.

Analysis and Commentary

The Wonder Of Economic Freedom

by David R. Hendersonvia EconLog
Friday, January 2, 2015

Like fellow blogger Alberto Mingardi, I appreciate Jeffrey Tucker's writings on the "marvels of a free market economy." The other person I would put in the same category is Don Boudreaux over at CafeHayek.

Analysis and Commentary

Friday Night Video: Klein on Libertarian Bargainers and Challengers

by David R. Hendersonvia EconLog
Friday, January 2, 2015

Daniel Klein has one of the most unusual minds of all the libertarian intellectuals I know. He will get on a subject where I see nothing there, and then, with fairly simple exposition and examples, make a powerful argument that causes me to go "Ah hah."

conservatism
Analysis and Commentary

Communist Medical Care

by David R. Hendersonvia EconLog
Tuesday, December 30, 2014

A former student, an officer in the U.S. Navy, gave me permission to post an edited version of his story of growing up in the Soviet Union and his and his family's experiences with the Communist system of medical care. He is LCDR Ilia K. Ermoshkin and this is his story:

Analysis and Commentary

Kevin Erdmann on Houses as an Investment

by David R. Hendersonvia EconLog
Sunday, December 28, 2014

Somehow, in all my reading of other people's blogs, I missed Kevin Erdmann, aka, The Idiosyncratic Whisk. My loss. His most-recent post, "Housing policy--please do the opposite," is excellent.

Coffee
Analysis and Commentary

Sunk Costs are Sunk: An Application to a Starbuck's Run

by David R. Hendersonvia EconLog
Saturday, December 27, 2014

Last month I wrote the following in a blog post:

Analysis and Commentary

Did the North and South Converge?

by David R. Hendersonvia EconLog
Friday, December 26, 2014

Former Econlog blogger Arnold Kling's latest post is titled "Why Did the South Not Converge?" In it, he quotes from a book by Ira Katznelson and goes on to suggest various factors behind the failure of per capita incomes in the northern and southern states to converge.

Analysis and Commentary

The Brooklyn Cop Killings: A Numerate Analysis

by David R. Hendersonvia EconLog
Monday, December 22, 2014

I'll put aside the irony that many people on the right are borrowing a page that many on the left use on other issues by blaming a climate of opinion for the two Brooklyn cop murders.

Analysis and Commentary

Los Angeles Unions' Two-fer on Minimum Wage

by David R. Hendersonvia EconLog
Thursday, December 18, 2014

When the U.S. minimum wage law was put into effect in 1938, northeastern labor unions gained from it by pricing out their competition. Unions in the textile industry were seeing textile firms move from New England states to southern lower-wage states and wanted to hobble the competition.

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