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

Our Regulated Society

by David R. Hendersonvia EconLog
Thursday, September 11, 2014

Last night, after a productive meeting in Indianapolis, I flew home to Monterey. Well, not quite to Monterey. That was the plan. But the plan didn't work out. And the reason it didn't work out is a tale of regulation.

Econ Log
Analysis and Commentary

Prize Bleg

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

Cafe Hayek blogger Don Boudreaux has reminded me about the 2014 Coolidge Prize for Journalism competition. So, like him, I am asking you a favor.

Green Energy
Analysis and Commentary

Reply to Scott Sumner on Global Warming

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

Scott Sumner writes:

I recall that when liberals favored lots of "command and control" regulation to address global warming, and conservatives favored a carbon tax.

The future of the GOP with Richard Nixon
Analysis and Commentary

The Nixon Pardon: Incentives Matter in Politics Too

by David R. Hendersonvia EconLog
Saturday, September 6, 2014

In this weekend's Wall Street Journal, Ken Gormley and David Shribman celebrate the 40th anniversary of President Ford's pardon of Nixon. The piece is titled "The Nixon Pardon at 40: Ford Looks Better Than Ever." They give basically three arguments:

"Joan Rivers 2010 - David Shankbone" by David Shankbone - Cropped from Joan Rivers at Musto's 25th Anniversary. Licensed under Creative Commons Attribution 2.0 via Wikimedia Commons
Analysis and Commentary

Joan Rivers: More Than a Comedian

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

Like many people, I mourn the loss of Joan Rivers. In the last year or so, my wife and I have gotten into watching Fashion Police and enjoying, except for her over-the-top comments, many of Joan's great, obviously prepared, catty lines.

Analysis and Commentary

The Role of Unions

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

Every Labor Day in the last few years, we hear about the decline of unions and how that has been a bad thing. What I find striking is how economically uninformed most of this commentary is.

US Money Ladder
Analysis and Commentary

Who Owns the "Right to Recline?" The Airline

by David R. Hendersonvia EconLog
Thursday, August 28, 2014

So writes Josh Barro in "Don't Want Me to Recline My Airline Seat? You Can Pay Me," New York Times, August 27.

His economic analysis is fine.

Scott Walker
Analysis and Commentary

Freedom of Association: What Noam Scheiber Misses

by David R. Hendersonvia EconLog
Wednesday, August 27, 2014

In an otherwise excellent reporting piece in the New Republic, Senior Editor Noam Scheiber gives his view about why the governor's race in Wisconsin is so important. To recap, Governor Scott Walker is running for reelection and he's the one who took on the teachers union a few years ago.

Freight Train
Analysis and Commentary

George Hilton, RIP

by David R. Hendersonvia EconLog
Wednesday, August 20, 2014

On August 4, while I was on my vacation, my beloved transportation economics professor, George Hilton, died. Co-blogger Art Carden has rightly singled out one of his best articles in a post earlier today.

Analysis and Commentary

Canada's Single Payer/Single Problem

by David R. Hendersonvia EconLog
Tuesday, August 19, 2014

This is from W. Gifford-Jones, M.D., "It's only one problem, but it's a big one," Winnipeg Free Press, January 17, 2009.

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