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Frequently Asked Questions
I just finished watching, for about the fourth time, the movie Stand and Deliver. It made me think of this talk I gave in 1997 when I won the Naval Postgraduate School's Schieffelin Award for best teacher on campus. It is determined based totally on student votes (both former and current.)
Here's the talk I gave after being presented the award.
Teaching as an Act of Love
Speech given by David R. Henderson, an economics professor at the Naval Postgraduate School, Monterey, California, after receiving the school's Rear Admiral John Jay Schieffelin Award for Excellence in Instruction on October 27, 1997.
Thank you for the award. I want to tell you about my philosophy of teaching. About nine years ago, my wife, Rena, was about to teach a course at Monterey Peninsula College, and was getting nervous about being in front of a class. One evening, shortly before the course was to begin, Rena came home from visiting a friend who had taught before. The friend had told her that, to teach the students well, you've just got to love them. When Rena told me that, I wanted to say, "I think we've been living in California too long." Fortunately, I didn't say that. Instead, I thought about what my wife's friend had said, and I realized that at some point in every teaching quarter, I really do start to love everyone, or almost everyone, in the class. Why not, I thought, speed things up by taking a small leap of faith by vowing to love them on the first day? So that's what I did. And economics started being fun, for them and me, much earlier in the quarter. Since that time, I've always gone into my classes the first day ready to love them.
One time in class, I was able to articulate my love for the students explicitly at the same time as I taught a principle of economics. We were discussing the economics of information, and the main point I wanted to get across is that information is scarce and often valuable. Therefore, I said, the hostility that many people have toward those who make money on the basis of information that only they have is no more justified than hostility toward those who make money on steel or cars or steak. So-called inside traders, I said, are making money from information, but so am I. I'm here because I'm paid to be here, and I'm paid to be here because I have information that the school thinks valuable enough to pay me to give it to you. So I'm making my money on inside information every bit as much as an inside trader does. "Do you mean, professor, that you're not teaching us because you love us?" joked a student. The class laughed, and I saw my chance to extend the joke and make an economics lesson in the process. "I do love you," I said, "but love isn't enough to get me here. I have to be paid, too."
Loving the students isn't enough in another way, either. I wouldn't be nearly as motivated to teach if I were not passionate about what I teach. Here's why I feel so passionate. It's because the main thing I've learned in 29 years of studying and writing about economics is the incredible power that free markets have in liberating people so that they can better their lives. That's what animates me in my writing for Fortune, the Wall Street Journal, and the Red Herring. It's what made me think that the world was ready for the first economics encyclopedia, The Fortune Encyclopedia of Economics. Whenever making the point about free markets is appropriate--and it's often appropriate--I make it. And, more and more through the quarter, the students are the ones who make the point during class discussions.
There's one student, in particular, who "got" the point about freedom and free markets, and I want to tell you about him. Knowing him as well as I do, I'm positive that he wouldn't mind if I named him. Let me tell you a story about Randy Haney. Randy was in my introductory economics class during the winter quarter of 1993. He came from a remarkable background. The son of dirt-poor migrant farm workers in the south, Randy had been able to attend school only until the end of fifth grade. But he talked his way into the Navy, got his GED, later got his undergraduate degree while on active duty, and, ultimately, came to get his Masters' degree at the Navy school. He retired from the Navy earlier this year and is now pursuing a Ph.D. [Note: he earned his Ph.D. in 2002.] My first one-on-one contact with him was early in his first quarter when I required the students to dig up price data on various things from the past year and from 40 years earlier, and then to adjust for inflation. I wanted them to get out of their heads the idea that all prices have risen by about the same amount and see instead that the inflation-adjusted prices of airline tickets, phone calls, and eggs have fallen dramatically, that the price of gasoline hasn't changed much, and that college tuitions have increased a lot. I also wanted to get them using the library and figuring out how to do research. Randy was, I believe, the only one in the class who found all the answers without any tips from me, the library staff, or his fellow students. And he told me after I had returned his perfect assignment about all the detective work and logical thinking to track things down. Randy is the one, incidentally, who is quoted in your program as saying, "I place him along side W. Edwards Deming. [I think that's exaggerated but, hey, I'm just quoting him.] He is able to look beyond existing paradigms to reach those who might not be reached. To have Dr. Henderson as your mentor in economics is a life-changing experience." But his detective work on research is not what I want to tell you about.
"Do you know what a normal good is?" he asked the host.
"No, I don't," said the host.
"A normal good is one like steak, a good that you tend to buy more of when your income goes up."
"OK," said the host, "I get it. What's your point?"
"Do you think that environmental quality is a normal good? Do you think people would want more environmental quality as they get richer?" he asked the host.
"Yes," said the host.
"Don't you think that free trade will help Mexico so that they will get somewhat richer?" asked Randy.
"Yes," said the host, not seeing the careful trap Randy was setting.
"Then don't you think that if NAFTA passes, people in Mexico will actually want less pollution?" said Randy.
It's moments like that that, as a teacher, I live for.
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CATEGORIES: Economic Education