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.

Filter By:

Topic

Type

Recent Commentary

Analysis and Commentary

Prohibition: Then Versus Now

by David R. Hendersonvia EconLog
Wednesday, August 13, 2014

This will likely be my final post about Daniel Okrent's excellent book The Last Call: The Rise and Fall of Prohibition. This one, appropriately enough, is about the fall and some of the factors that led to it. There's a huge difference in the public reaction to alcohol Prohibition then and drug prohibition now. And the difference makes me somewhat pessimistic.

Analysis and Commentary

Choose Your Battles

by David R. Hendersonvia EconLog
Tuesday, August 12, 2014

It's rare that I disagree with much of what co-blogger Bryan Caplan posts. But among those rare posts are his two recent ones (here and here) on appeasement. I don't want to go at them line by line. Other commenters have done that. Craig T. Bolton, for example, makes the point that if Bryan refused to pay taxes, it's unlikely that he would be dead or in jail.

Analysis and Commentary

Great Moments in Economic Estimation

by David R. Hendersonvia EconLog
Monday, August 11, 2014

"In an attempt to memorize poetry," Irving Fisher wrote in 1926, "Professor Vogt of the University of Christiana found that on days when he drank one and one-half to three glasses of beer it took him 18 per cent longer to learn the lines."

Interest Rates
Analysis and Commentary

The Greatest Invention in History

by David R. Hendersonvia Econlib
Wednesday, August 6, 2014

In 1922 he [Sam Bronfman] was thirty-three years old, less than five feet six inches tall, with a receding chin, thinning hair, and a fortune among the largest of all in western Canada.

Interest Rates
Analysis and Commentary

McArdle on 15-Year Mortgages

by David R. Hendersonvia EconLog
Monday, July 21, 2014

Megan McArdle has a good post on why it can make sense to switch from a 30-year to a 15-year mortgage. I agree with most of her reasoning. Her point that I think is most important for most people, based on my observations of lots of people over many years, is that a 15-year mortgage, compared to a 30-year mortgage, is a way to make yourself save. For her and her husband, as for my wife and me, this doesn't apply because we have greater than usual discipline in saving.

Oil Drilling
Analysis and Commentary

Who Caused the August 1990 Spike in Oil Prices?

by David R. Hendersonvia EconLog
Monday, June 30, 2014

Who caused the August 1990 spike in oil prices? If you learned that someone had reduced the supply of oil substantially just before the spike, wouldn't you think that that someone caused the price increase?

Latino students in class
Analysis and Commentary

Bonding with Immigrants

by David R. Hendersonvia EconLog
Tuesday, June 24, 2014

It was a beautiful scene in so many ways. Such diversity, such shared joy in suffering, such determination to push through and triumph over the odds.

Economics Abstract
Analysis and Commentary

Tyler Cowen versus Frederic Bastiat

by David R. Hendersonvia EconLog
Tuesday, June 17, 2014

I never hold a writer responsible for a title because, almost invariably, an editor, not the writer, chooses the article's title.

Analysis and Commentary

Sports are Life

by David R. Hendersonvia EconLog
Thursday, June 12, 2014

One reason I'm enjoying the NBA playoffs so much is that I like both teams so much. The San Antonio Spurs have an incredible coach and one of the things I like most about them is their everyday humility--not phony humility but just feet-on-the-ground humility.

Markets
Analysis and Commentary

Reply to Cardinal Rodriguez Maradiaga

by David R. Hendersonvia EconLog
Sunday, June 8, 2014

At a conference titled "Erroneous Autonomy: The Catholic Case Against Libertarianism," Cardinal Oscar Rodriguez Maradiaga attacked the free market, calling it "a new idol."

Pages