David R. Henderson

Research Fellow
Biography: 

David R. Henderson is a research fellow with the Hoover Institution. He is also an associate 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, 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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Milton Friedman, recipient of the 1976 Nobel Memorial Prize for economic science
Blogs

Conscription During World War II And Milton Friedman

by David R. Hendersonvia EconLog
Wednesday, June 17, 2015

Fortunately, what is perhaps Milton Friedman's greatest legacy remains in place: actual conscription does not now exist in America. Yet let it be known that if conscription of any sort returns and if anyone or any group tries to conscript my son, they will fail. My son will not be forced to sacrifice for anyone or anything, and least of all for any government.

Blogs

John Thacker On Democrats Subsidizing Rural Areas

by David R. Hendersonvia EconLog
Tuesday, June 16, 2015

Almost all rural infrastructure is subsidized, from railroads to highways to telephone and Internet service to airline service to water projects to electricity projects. And that's just the start.

Woodrow Wilson 1919
Blogs

Larry Summers On TPP

by David R. Hendersonvia EconLog
Tuesday, June 16, 2015

The Senate's rejection of President Woodrow Wilson's commitment of the United States to the League of Nations was the greatest setback to U.S. global leadership of the last century.

Blogs

Hooves And Priors

by David R. Hendersonvia EconLog
Saturday, June 13, 2015

In "Yes Indeed: I Have My Priors About the Minimum Wage," Don Boudreaux at Cafe Hayek writes: "So an economist whose priors tell him or her that raising the hourly cost of employing low-skilled labor will cause employers to choose to employ fewer hours of low-skilled labor is falling into no unscientific or dogmatic trap."

Blogs

Government Works Badly

by David R. Hendersonvia EconLog
Saturday, June 13, 2015

Two huge recent scandals, both of which involve the federal government, strongly support the case that the government should not be given more power and, in fact, should have much of its power stripped away.

Blogs

Reddit: Lenny Bruce Would Understand

by David R. Hendersonvia EconLog
Thursday, June 11, 2015

I'm not a big user of reddit. Let me correct that statement: I don't use it at all. But it obviously works for many people. And reddit might lose market share soon. Why?

Blogs

The Role Of Luck In Income Distribution

by David R. Hendersonvia EconLog
Thursday, June 11, 2015

I'm in Zurich today to give a talk on economic inequality. While preparing my talk, I came across an article by Branko Milanovic in the Review of Economics and Statistics.

Blogs

A Question For Krugman

by David R. Hendersonvia EconLog
Tuesday, June 9, 2015

Paul Krugman has a post today about how badly some Republican governors have been doing with their budget policies. His basic criticism is that they have cut taxes. But he also has, at various times recently, complained about austerity. What, to Paul Krugman, is austerity?

Blogs

Nick Hanauer On Noah Smith

by David R. Hendersonvia EconLog
Monday, June 8, 2015

A billionaire named Nick Hanauer has weighed in on the minimum wage debate. Am I trying to bias you against him by mentioning his net worth? Not really.

Blogs

The Long And The Short Runs

by David R. Hendersonvia EconLog
Sunday, June 7, 2015

After noting how high payroll tax rates are in Europe, Arnold Kling comments.

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