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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Analysis and Commentary

Two Cheers for Obama on Cuba

by David R. Hendersonvia EconLog
Wednesday, December 17, 2014

As is probably known to virtually all readers of this blog, President Obama announced today his steps to normalize relations with Cuba. It is long overdue and finally we have a President willing to do something about it.

Analysis and Commentary

Henderson on Asking Tough Questions of Government Bureaucrats

by David R. Hendersonvia EconLog
Tuesday, December 16, 2014

I've asked tough questions before. When Leon Panetta, my former Congressman, came to NPS as Secretary of Defense, I asked [here at the 43:40 point] whether, given his own previous statement that Al Qaeda was down to a handful of dangerous people, he should say about the war, "Enough is enough."

Analysis and Commentary

Deadweight Loss From The New California Gas Tax

by David R. Hendersonvia EconLog
Monday, December 15, 2014

Starting in January, Californians will pay an added 10 cents or so per gallon of gasoline due to a new law that goes into effect next month.

Analysis and Commentary

Kling On The Constitution And The Common Law

by David R. Hendersonvia EconLog
Sunday, December 14, 2014
According to a legal theory I am about to sketch, the Supreme Court would let stand the subsidies that are being paid to people through the Federal health care exchange, in spite of the language in the law that says only state exchanges are entitled to pass on subsidies...
Analysis and Commentary

My Apologies

by David R. Hendersonvia EconLog
Friday, December 12, 2014

As someone who has made a lot of mistakes and who tries hard to admit them and apologize when I think apologies are in order, I have become somewhat of a student of the apology. I think it's important, if you apologize, to do so sincerely and actually to admit your mistake.

Analysis and Commentary

Campaign Spending Not That Effective

by David R. Hendersonvia EconLog
Tuesday, December 9, 2014

Binyamin Applebaum has an excellent article in the New York Times today, titled "Who Wants to Buy a Politician?", on the ineffectiveness, on the margin, of spending on political campaigns.

Analysis and Commentary

The Wonder Of Competition

by David R. Hendersonvia EconLog
Monday, December 8, 2014

I make myself one large strong cup of coffee early every morning. I use 2 tbsp. of Peet's Major Dickason's Blend. But that's a little too bitter. So I add almost 1 tbsp. of Gevalia Chocolate Mocha. The result is almost perfect.

Analysis and Commentary

He Who Wills The End Wills The Means

by David R. Hendersonvia EconLog
Friday, December 5, 2014

In an otherwise excellent segment on the tragic Eric Garner case, in which some New York cops choked to death a man selling loose cigarettes, Jon Stewart, generally a smart man, either misunderstands or plays to his audience's ignorance.

Analysis and Commentary

Robert Murphy on the 1920-21 Depression

by David R. Hendersonvia EconLog
Thursday, December 4, 2014

Paul Krugman has recently reraised the topic of the 1920-21 Depression. It was a very deep depression but it ended quickly. Robert Murphy has an interesting response.

Analysis and Commentary

Nathaniel Branden, RIP

by David R. Hendersonvia EconLog
Wednesday, December 3, 2014

I just learned from a friend on Facebook that Nathaniel Branden died this morning. He was 84. I learned a lot from his weekend "intensives" and the second one I went to gave me the courage to leave the University of Rochester B-School in 1979 to work at the Cato Institute in San Francisco. It was one of my best career moves ever.

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