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

Piketty's Dodge on Inequality

by David R. Hendersonvia EconLog
Thursday, March 13, 2014

New York Times economics columnist Eduardo Porter recently interviewed economist Thomas Piketty on his work on income and wealth inequality. Piketty, in case you haven't followed, has been documenting the increase in income and wealth inequality in the richer countries,...

Analysis and Commentary

Is Outrage at the Top 1% Distracting Us?

by David R. Hendersonvia EconLog
Sunday, March 9, 2014

I worry about growing income inequality. But I worry even more that the discussion is too narrowly focused. I worry that our outrage at the top 1 percent is distracting us from the problem that we should really care about:...

Analysis and Commentary

Was Bork Right About Mergers?

by David R. Hendersonvia EconLog
Thursday, March 6, 2014

In a just-published NBER study,

Analysis and Commentary

Reminiscences of Rogge

by David R. Hendersonvia EconLog
Sunday, March 2, 2014

UPDATE BELOW: Earlier today over at Cafe Hayek, Don Boudreaux highlighted a quote from the late Benjamin A. Rogge. That brought back warm memories for me. Rogge, who lived from 1920 to 1980, was a libertarian economics professor at Wabash...

Analysis and Commentary

David Friedman on the 97% Consensus on Global Warming

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

As David Friedman points out, it is hard for us who are not climate scientists to know what is true or false about global warming. But one thing we can sometimes do is check what various writers on climate science...

Analysis and Commentary

11-99 Foundation: Buying Protection

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

I live in California, where I often see license plate frames carrying the words,

Analysis and Commentary

Krugman on Supply-Siders and Incentive Effects of Tax Cuts

by David R. Hendersonvia EconLog
Wednesday, February 19, 2014

Recently, I

Analysis and Commentary

Obamacare's 'Disincentive' Scheme

by David R. Hendersonvia Defining Ideas (Hoover Institution)
Wednesday, February 19, 2014
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Obamacare's 'Disincentive' Scheme

by David R. Hendersonvia Defining Ideas
Tuesday, February 18, 2014

The law taxes low-income people and encourages them to work less.

Analysis and Commentary

Open Letter to President Wildes re Professor Block

by David R. Hendersonvia EconLog
Thursday, February 13, 2014

One of the ways I will occasionally depart from straight economics on this blog is to defend fellow academics from unfair attacks by bullies. When the president of your university attacks you unfairly and in public, he is being a...

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