Bryan Caplan and David Henderson

David Henderson: October 2009

An Author Archive by Month (24 entries)

My Speech in Denver on Monday

Upcoming Events
David Henderson
This coming Monday, November 2, I'll be giving a talk at the Metropolitan State College of Denver. Title: What Health Economists Know that Obama Doesn't Want You to Know. Details here.... MORE

Do They Care?

Public Choice Theory
David Henderson
While many people dismiss insights from public choice, what's striking is its casual acceptance in conversation and discussion. Keith Hennessey posted today about the odds on various things happening with the Senate's and House of Representatives' proposed tax increases, aka,... MORE

Politics for Kids

Politics and Economics
David Henderson
A few weeks ago, Carl Mounteer, a local lawyer, and I were invited to present our views on a local tax issue to the Monterey County Weekly, the local left-wing weekly. Carl and I had written the ballot argument against... MORE

Pseudo-Competition

Economics of Health Care
David Henderson
The congressional leadership has been very vocal lately about the need for competition in health insurance. These are people who have previously never had a good word to say about "competition" in their entire political careers. They are the very... MORE

Tyler's Triple on Health Care

Economics of Health Care
David Henderson
Hey, it's baseball playoff time and the article is in the New York Times and so of course I'm going to use a baseball metaphor. In his column today, Tyler Cowen addresses many of the problems with having government mandated... MORE

SuperFreakonomics, II

Book Club
David Henderson
As I work my way through SuperFreakonomics, I'm starting to take back my claim that it's better than Freakonomics. It seems to have the same strength and the same weakness. The strength is its focus on incentives and facts to... MORE

Anderson on Enron

Economics of Crime
David Henderson
One of the views I had accepted uncritically is that all of the people at Enron charged with crimes really were guilty. But Bill Anderson's interesting article today questions some of that. Also, he points out that Fortune reporter Bethany... MORE

Super Freakonomics

Book Club
David Henderson
I'm only 27 pages into Levitt's and Dubner's new book, but already I'm liking Super Freakonomics better than Freakonomics. My problem with the first book was that it tended to emphasize small aspects of some issues and missed the big... MORE

Great Moments in Health Economics

Economics of Health Care
David Henderson
From President Obama's Council of Economic Advisers, "The Economic Case for Health Reform," June 2009: In medicine, however, technological progress in recent decades has been almost exclusively cost-increasing, without generating a commensurate increase in value. Undoubtedly, provider incentives, which largely... MORE

Obama's CEA on Adverse Selection

Economics of Health Care
David Henderson
Back in July, Bryan had an excellent post on adverse selection, pointing out that the textbook idea that adverse selection is an important problem in insurance is simply wrong. Krugman seemed to go back and forth on the issue, but... MORE

Mad About Trade, II

David Henderson
Further highlights from Daniel Griswold's new book, Mad About Trade, which I first blogged about here. Griswold quotes Jason Furman, now an Obama economic advisor, on the effect of Wal-Mart on consumer prices: The price differences are staggering. Wal-Mart prices... MORE

Are Taxes "Passed On"?

Economics of Health Care
David Henderson
In arguing with the recent study done by Price Waterhouse Coopers for the American Health Insurance Plans (AHIP), the White House bloggers say the following: AHIP CLAIM: Fees on health insurance providers, pharmaceutical manufactures and device makers will be passed... MORE

Take That, Math Geeks

Institutional Economics
David Henderson
That was the title I gave my Wall Street Journal article on the Nobel prize that appears on line now and will appear in print tomorrow. Of course, as people who write for newspapers and magazines know, the odds that... MORE

Britain's Central Planning Death Panels

Economics of Health Care
David Henderson
Hazel Fenton, from East Sussex, is alive nine months after medics ruled she had only days to live, withdrew her antibiotics and denied her artificial feeding. The former school matron had been placed on a controversial care plan intended to... MORE

Free Market M.D.

Economics of Health Care
David Henderson
The doctor then takes a history and physical, spending about 30 minutes with me, for which the flat fee is $50. He explains his hourly billing is $100-much less than a typical lawyer charges, I'm happy to note. He tells... MORE

Economies of Scale in Compliance

Regulation
David Henderson
This morning, after a highly-productive Liberty Fund seminar in Santa Fe, I went over to Pasquale's for breakfast. I sat with a woman who runs a Mexican restaurant in a small town in Colorado. We talked about various things, including... MORE

Not From The Onion

David Henderson
Barack Obama wins Nobel Peace Prize.... MORE

What Leonhardt Leaves Out

Taxation
David Henderson
In a positive article, almost a puff piece, on Bruce Bartlett, New York Times reporter David Leonhardt highlights Bruce's advocacy of a value-added tax for the United States. Leonhardt points out that many countries have such a tax and mentions... MORE

Economic Therapy

Economic Education
David Henderson
As events have unfolded during the past year and a half, a growing number of people have asked me what I think of the economy. I've learned two things from these encounters. First, questioners seem to want sound-bite answers. Incisive... MORE

Scott Sumner on the Multiplier

Fiscal Policy
David Henderson
Multiply Scott Sumner It seems to me that there are two ways of thinking about how monetary policy would react to fiscal stimulus. One approach would be to ask: "What is the optimal Fed response to fiscal stimulus?" And the... MORE

Ross Douthat's Strange Supply Curve

Income Distribution
David Henderson
In his New York Times column this morning, Ross Douthat considers various ways of reducing income inequality. While not endorsing higher taxes on high-income people, Douthat's takes it as given that such taxes would reduce inequality. Ignore the fact that... MORE

Olympanomics

Central Planning vs. Local Knowledge
David Henderson
Poor Rio, Lucky Chicago Not everyone, however, is convinced that preparing for a 17-day sports event is the best way to undertake socially responsible urban planning. Mr. Garvin himself invokes "the inherent conflicts between great urbanism and a functional Olympic... MORE

The Real Meaning of Privilege

Game Theory
David Henderson
Once we start using the word "privilege" where what we really mean is "wealth," we start applying this term to those who came by their wealth without special privilege-the Bill Gateses of the world, sure, but also the more-common successful... MORE

Mad About Trade

International Trade
David Henderson
I've been enjoying Daniel Griswold's new book, Mad About Trade. It's the best of all the popular books on trade that I've read in the last few years. It's heavy with facts, many of which I "kind of" knew. But... MORE

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