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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Recent Commentary

Analysis and Commentary

Trade With China Reduced Domestic Inequality

by David R. Hendersonvia EconLog
Tuesday, March 8, 2016

In a recent post, I challenged Mark Kleiman's view that low-income people do not benefit at all from international trade.

Analysis and Commentary

How Reforms Have Made Donald Trump Possible

by David R. Hendersonvia EconLog
Monday, March 7, 2016

But just because voters are ideologically mixed does not mean they are centrists at heart. Many voters support a mix of extreme liberal policies (like taxing the rich at 90 percent) and extreme conservative policies (like deporting all undocumented immigrants). 

Analysis and Commentary

Kleiman On Trade And Taxes

by David R. Hendersonvia EconLog
Saturday, March 5, 2016

So when the modern Republican Party (R.I.P), in the name of "small government" and opposition to "class warfare," set its face against policies to redistribute the gains from economic growth, it destroyed the theoretical basis for thinking that a rising tide would lift all the boats, rather than lifting the yachts and swamping the trawlers.

Analysis and Commentary

Banning The Benjamin Would Reduce Freedom

by David R. Hendersonvia EconLog
Friday, March 4, 2016

Larry Summers is a bootlegger and a Baptist.

Analysis and Commentary

Larry Summers's Anti-Trump Case In A Vacuum

by David R. Hendersonvia EconLog
Thursday, March 3, 2016

Recently, economist Larry Summers made his case against Donald Trump. It has one main problem. Although Larry makes, in some ways, a powerful case, he makes it in a vacuum. The question is not whether Donald Trump should be president or no one should be president.

Analysis and Commentary

Wishful Thinking And Unintended Consequences

by David R. Hendersonvia EconLog
Tuesday, March 1, 2016

Mrs. Clinton was won over. Opposition leaders "said all the right things about supporting democracy and inclusivity and building Libyan institutions, providing some hope that we might be able to pull this off," said Philip H. Gordon...

Analysis and Commentary

Henderson On The Case Against A VAT

by David R. Hendersonvia EconLog
Monday, February 29, 2016

Take Europe, where the VAT is a major source of government revenue. When Belgium, France, Germany, Ireland, Italy and the Netherlands adopted a VAT--all between 1968 and 1971--their stated revenue goal was neutrality: Gains in revenue from the VAT...

Analysis and Commentary

Why Minimum Wages Can Take Time To Destroy Jobs

by David R. Hendersonvia EconLog
Sunday, February 28, 2016

Jonathan Meer and Jeremy West have found that increases in the minimum wage destroy jobs, not so much by destroying current jobs as by reducing the growth rate of new jobs.

Analysis and Commentary

Should The U.S. Adopt A Value-Added Tax?

by David R. Hendersonvia Wall Street Journal
Sunday, February 28, 2016

Supporters say a VAT can be good for economic growth. Critics say it encourages wasteful government spending.

Analysis and Commentary

Is There Objective Truth?

by David R. Hendersonvia EconLog
Thursday, February 25, 2016

Short answer: Yes.

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