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

Two Poems By David R. Henderson

by David R. Hendersonvia EconLog
Thursday, August 29, 2019

I gave a talk last night to approximately 80 members of the local Lincoln Club, a group within the Republican Party of California. The topic was “President Trump’s Economic Policies: A Balanced Assessment.

Global Image
Analysis and Commentary

Update On Trees And Global Warming

by David R. Hendersonvia EconLog
Wednesday, August 28, 2019

Last week I wrote an article in which I suggested planting trees as potentially a much cheaper way to slow or even reverse global warming, cheaper, that is, than a carbon tax.

Analysis and Commentary

Great Moments In The Labor Theory Of Value

by David R. Hendersonvia EconLog
Tuesday, August 27, 2019

American University has brought in an academic from the University of Washington-Tacoma with a curious mission for an academic institution: to teach academics not to grade on the writing ability of students as opposed to their “labor.” Professor Asao Inoue believes that writing ability should not be assessed to achieve “antiracist” objectives.

Analysis and Commentary

An Ah Hah Moment While Shopping

by David R. Hendersonvia EconLog
Sunday, August 25, 2019

I think I understand one side of Bernie Sanders. I returned a few minutes ago from shopping at the Lucky Supermarket in Pacific Grove, California. On the shopping list was a particular kind of cheese my wife wanted: Sargento Sharp Cheddar in slices.

Analysis and Commentary

David Koch, RIP

by David R. Hendersonvia EconLog
Friday, August 23, 2019

David Koch, who died today at age 79, was a generous human being. His generosity ranged from contributions to libertarian projects relatively early in his life to contributions to art and medical research late in his life.

Blank Section (Placeholder)Featured

A Carbon Tax Is Not A Slam Dunk

by David R. Henderson mentioning John H. Cochrane, George P. Shultzvia Defining Ideas
Tuesday, August 20, 2019

On Pigou, Pinatubo, cow farts and geo-engineering

Analysis and Commentary

Keynes' Understated Criticism Of FDR's New Deal

by David R. Hendersonvia EconLog
Sunday, August 18, 2019

One main component of Franklin Roosevelt’s New Deal was the National Industrial Recovery Act (NIRA), which cartelized hundreds of American industries. If FDR’s goal was, as the name of the act implies, to help industries recovered from the depth of the what would later be known as the Great Depression, the NIRA never made sense. When you cartelize an industry, you cut output and raise prices. With output being so low, you make the situation worse, not better.

Analysis and Commentary

Bernie Sanders Didn't Say It

by David R. Hendersonvia EconLog
Sunday, August 18, 2019

When I wrote a review of the excellent Socialism Sucks by Bob Lawson and Ben Powell, I quoted a passage from it that they attributed to Bernie Sanders. It did sound extreme, even for Bernie, and I should have checked.

Analysis and Commentary

Great Moments In Price Discrimination

by David R. Hendersonvia EconLog
Saturday, August 17, 2019

Below is a quote from a news item in the Washington Post by Casey Quackenbush, August 15, 2019. It’s titled “A Run on Gas Masks: Hong Kong protestors circumvent crackdown on protective gear” and is quoted in Liz Wolfe, “Hong Kong’s Market Is Providing Gas Masks and Protective Gear Despite Government Crackdown,” Reason.com, August 16, 2019.

Analysis and Commentary

The New York Times Is Truly Messed Up

by David R. Hendersonvia EconLog
Friday, August 16, 2019

Although rightly rejected today, the Virginia-born Fitzhugh attained national prominence in the late antebellum period as one of the most widely read defenders of a slave-based economy. Charles Sumner called him a “leading writer among Slave-masters,” and his regular contributions to the pro-South magazine DeBow’s Review gained him a national readership in the 1850s.

Pages