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

The Symmetry of Counterfactuals

by David R. Hendersonvia EconLog
Wednesday, May 5, 2010

Bottom line: to argue for anything, there's no avoiding counterfactuals. And it's symmetric...

Analysis and Commentary

Capitalism: A Confused Story

by David R. Hendersonvia EconLog
Monday, May 3, 2010

Last week, I watched Michael Moore's latest movie, Capitalism: A Love Story, with two of my students. I took notes and we stopped at various points to discuss it. Some highlights...

Analysis and Commentary

Amartya Sen vs. Dan Klein on Adam Smith

by David R. Hendersonvia EconLog
Sunday, May 2, 2010

Last week the New York Times blog had a post referencing an article on Adam Smith by Amartya Sen. Those of Sen's thoughts that sounded correct were not news and those that sounded like news were ones that I wasn't sure were correct...

In the News

From “Porous” to “Ruthless” Conscription, 1776–1917

by David R. Hendersonvia Independent Institute
Tuesday, April 27, 2010

The United States shifted from a relatively porous state military draft in the nation’s early years to a harsh federal draft in 1917. This development had three major causes...

Analysis and Commentary

Forgotten Lines

by David R. Hendersonvia Freeman
Sunday, April 25, 2010

In the January 23, 2010, Los Angeles Times crossword puzzle, one of the clues was “Sassy reply to criticism.” The answer: “It’s a free country...” Why do I find this so striking? For two reasons...

Analysis and Commentary

Tyler Cowen on Prohibition

by David R. Hendersonvia EconLog
Friday, April 23, 2010

Tyler Cowen has written an excellent review of Daniel Okrent's new book, Last Call: The Rise and Fall of Prohibition...

Analysis and Commentary

My Recollections of the 1970s

by David R. Hendersonvia EconLog
Thursday, April 22, 2010

Bryan's question (When you were actually living through the Seventies, did public policy and the overall health of the economy seem worse than today? The same? Better?) is tough to answer...

Analysis and Commentary

Reflections on Competing Visions

by David R. Hendersonvia EconLog
Tuesday, April 20, 2010

After my discussion this morning on KQED, I had an "aha" moment....The aha moment was in noticing the difference between my approach, on the one hand, and Michael Krasny's and Sylvia Allegretto's, on the other...

Analysis and Commentary

Canada's Road to Balanced Budgets

by David R. Hendersonvia EconLog
Sunday, April 18, 2010

Arnold has commented on Tyler Cowen's post on the steps the Canadian government took in the 1990s to reduce budget deficits and turn them into surpluses. The government did it mainly with reductions in the growth of government spending and secondarily with tax increases.

Analysis and Commentary

Tyler Cowen's Speech at APEE

by David R. Hendersonvia EconLog
Monday, April 12, 2010

I heard a very good speech by Tyler Cowen at the Association for Private Enterprise Education conference in Las Vegas today. It was titled "Why Is It Such a Deep and Long Recession?"

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