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

Charles Davis Is Half Right

by David R. Hendersonvia EconLog
Tuesday, December 2, 2014

Over at Salon, Charles Davis has an article titled "Amazon's frightening CIA partnership: Capitalism, corporations and our massive new surveillance state." In it, he quotes from, and criticizes, a post I wrote titled "The Amazon Boycott: Blaming a Victim." Davis writes:

Analysis and Commentary

High Inflation Still Unlikely

by David R. Hendersonvia Reason
Monday, December 1, 2014

Ever since Federal Reserve Chairman Ben Bernanke commenced quantitative easing in October 2008, many commentators have warned about the danger of inflation. There are good reasons to be concerned-including the unprecedented expansion of the monetary base and the Fed's bloated balance sheet-but many Fed watchers are fighting the last war.

Flying ideas
Analysis and Commentary

Saturday Afternoon Video: Dan Klein on Liberalism

by David R. Hendersonvia EconLog
Saturday, November 29, 2014

I didn't think that a 20-minute video on the origins and use of the words "liberal" and "liberalism" could hold my attention and draw me in. I am notoriously impatient and I have a strong preference for videos that are less than 5 minutes.

Analysis and Commentary

Robin Hanson's Call For Empirical Research

by David R. Hendersonvia EconLog
Saturday, November 29, 2014

On November 21, Robin Hanson wrote a piece misleadingly titled "Imagine Libertopia." I say "misleadingly" because he's actually calling on libertarians to do less imagining and more empirical research. It's excellent.

Analysis and Commentary

Krugman's On-Again, Off-Again Analysis

by David R. Hendersonvia EconLog
Friday, November 28, 2014

In his most recent New York Times column, "Pollution and Politics," Paul Krugman fluctuates between claiming one doesn't need to do the analysis and actually doing the analysis. The issue: the Environmental Protection Agency's Thanksgiving-timed proposal for substantial regulations on ozone.

Analysis and Commentary

Giving Thanks

by David R. Hendersonvia EconLog
Thursday, November 27, 2014

I'm up early this Thanksgiving day, before my wife and daughter. My daughter came home from San Francisco yesterday afternoon and for that alone I'm thankful. She, my wife, and a friend had a great visit last night.

Analysis and Commentary

My Proud "Don't Call the Cops" Moment

by David R. Hendersonvia EconLog
Wednesday, November 26, 2014

Most mornings that I don't teach, I go out early to the local Safeway, where there's a Starbuck's, and get my wife a Grande non-fat latte. Tip to men who want a long-term successful marriage: If there are things you can do that have a low cost to you and a large benefit to your spouse, do them.

Blank Section (Placeholder)Analysis and Commentary

Medicare and the Free Market

by David R. Hendersonvia Defining Ideas
Tuesday, November 25, 2014

“Balance billing” is one solution to the persistent shortages experienced by beneficiaries of the government healthcare program. 

Analysis and Commentary

Carbon Taxes: The Tax Interaction Effect

by David R. Hendersonvia EconLog
Monday, November 24, 2014

Robert P. Murphy, one of the economists who writes frequently for Econlib, has published a number of pieces on the "tax interaction effect." He has recently published another that is well worth reading. Before getting to his article, here's some background.

Analysis and Commentary

Zycher on Gruber

by David R. Hendersonvia EconLog
Sunday, November 23, 2014

When L'Affaire Gruber began two weeks ago, Tyler Cowen challenged us to stick to discussing Gruber's economics rather than his personal failings. I took up the challenge here, pointing out that Gruber's willingness to mislead could explain what looked like some pretty bad analysis that one would not expect a tenured MIT professor to make.

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