Bryan Caplan and David Henderson

David Henderson: November 2011

An Author Archive by Month (27 entries)

Bill Keller's Slip

Monetary Policy
David Henderson
In an editorial in yesterday's New York Times, Bill Keller decries the competition that newspapers get from independent sources on the web. That's not how he poses it, of course. No. What he sees is a lot of loud, outlandish... MORE

Markets for Everything: Managing Worms Edition

Labor Market
David Henderson
More evidence against Zero Marginal Product (ZMP) "Manage our worm bin!" That was the help-wanted note new mom Rachel Christenson posted a few weeks ago at online marketplace TaskRabbit Inc. Neither she nor her husband wanted the "gross" job of... MORE

Bryan Caplan is Not Like Warren Buffett

Economics of Education
David Henderson
In his critique of education--I have been urging Bryan to call it schooling, but have had no apparent effect on his wording--Bryan Caplan lays out how government pays him to school people and how what he teaches them has little... MORE

Me on Fox News Channel Tonight

Upcoming Events
David Henderson
John Stossel's special on government budgets, "The Money Hole," will be replayed on Fox News Channel tonight. It's at midnight EST and 9:00 p.m. PST. In one of the segments in that show, John Stossel interviews me on my Mercatus... MORE

Robin Wells on the Mankiw Walkout

Economic Education
David Henderson
In a post on November 20, economics professor Robin Wells weighs in on the students who walked out of Greg Mankiw's class. I had previously blogged about this here. I particularly like the tone of Professor Wells's comments. This surprised... MORE

Gun Control: Things I Didn't Know

Regulation
David Henderson
The Ku Klux Klan, Ronald Reagan, and, for most of its history, the NRA all worked to control guns. The Founding Fathers? They required gun ownership--and regulated it. And no group has more fiercely advocated the right to bear loaded... MORE

The Moral Case for Allowing Kidney Sales

Economics of Health Care
David Henderson
This is just out. I like the point Professor Taylor makes near the end about how virtually everyone involved in the transplanting of a kidney from one person to another is paid except the person who gives up a... MORE

Arnold's Clarification

Labor Market
David Henderson
I'm glad Arnold clarified his thinking in his latest post. He had written, as recently as two days ago: But until the project manager comes up with a new plan, the other workers are all ZMP [capable of producing zero... MORE

Response to Arnold on Zero Marginal Product

Labor Market
David Henderson
In his latest response to co-blogger Bryan Caplan on ZMP, co-blogger Arnold Kling writes: The point that third-world workers are employed refutes the Z in "zero marginal product." I would agree that American workers could compete for jobs at third-world... MORE

Will Only the Criminals Have Tans?

Regulation
David Henderson
My friend, Ted Levy, MD, sent me the following. It was so good that I couldn't figure out a way to cut it down or choose only a few paragraphs. So here's the whole thing. In the 19th century, one... MORE

Daniel Hamermesh has presented data showing that, all else equal, ugly people do worse economically and are less happy than the non-ugly. The Daily Show sent one of its crack interviewers to interview him. The result--this 5-minute video--is highly entertaining.... MORE

David Sedaris on TSA

Regulation
David Henderson
As regular readers of my posts know (see here, here, here, and here, for example), I think the TSA is one of the most anti-liberty, intrusive government organizations in America. So I follow the culture to see what people are... MORE

My Talk at Berkeley

Central Planning vs. Local Knowledge
David Henderson
One enterprising student, Scott Gibb, recorded all but the first two minutes of the talk I gave at Berkeley earlier this month. The sound quality is quite high. My talk is titled, "The Case For a Non-Interventionist Foreign Policy." It's... MORE

Is There an Asymmetry in Benefits from Trade?

International Trade
David Henderson
Don Boudreaux has written one of those rare letters that I don't quickly agree with. He writes: Discussing expanded American trade with the Chinese, President Obama told a business group in Honolulu "those are potential customers for us in the... MORE

That's the gist of what Lorri Marquez Chapman of West Hartford, Connecticut wrote in a letter to the Wall Street Journal today. She was responding to a modest proposal by Sally Satel for people to be able to donate their... MORE

A Pessimistic Prediction

Politics and Economics
David Henderson
In which the author predicts an attack in or near Las Vegas. A few weeks ago I made a few optimistic predictions and a few pessimistic ones. My optimistic ones tend to be about how even semi-free markets will solve... MORE

In a blog post today, Mark Thoma shows a graph giving the poverty rate with and without "the safety net," the euphemism for government welfare programs. It is from the Center on Budget and Policy Priorities. The Center looks at... MORE

What Greg Mankiw's Defenders Missed

Economic Education
David Henderson
News Flash: Harvard Has no Access to the Web and No Libraries Last Wednesday, Greg Mankiw blogged about the students who walked out of his Ec10 class. They have various complaints about it that you can read here. One student,... MORE

Krugman and Bastiat: Confusing the Centuries

Economic Education
David Henderson
In a post yesterday, I asked readers to say who they thought is the modern counterpart of Bastiat. I should have specified that I meant someone who's still alive; otherwise, I think libfree's, Michael J. Green's, Will Ruger's, and Daniel... MORE

The Modern Bastiat

Economic Education
David Henderson
If you have never read Frederic Bastiat, you're missing a real treat. He was the French economic journalist who wrote a spate of articles in his 40s, before dying in 1850, laying out economics in a very clear way. When... MORE

Stop, Drop, and Roll

Labor Market
David Henderson
Many cities across the country subscribe to the concept of "public safety pay parity." From Atlanta to Dallas to New York City and San Francisco (and many cities in between), firefighters have effectively lobbied city and state governments to pay... MORE

How Government Intervention Helped Start the 1967 Detroit Riot Here's the [Kerner Commission] report's first paragraph on Detroit: "On Saturday evening, July 22, the Detroit Police Department raided five 'blind pigs.' The blind pigs had their origin in prohibition days,... MORE

Tom Sargent on How the Vietnam War Made Him Skeptical of Government

Central Planning vs. Local Knowledge
David Henderson
One of the things I find most fascinating is how various people came to their political views. Most people are not particular conscious of how, but some people are. I remember interviewing James Buchanan in 1997 and asking him if... MORE

My Talk at Berkeley and My MSNBC Appearance

Upcoming Events
David Henderson
I'm giving a speech tomorrow at U.C. Berkeley that I should have advertised here earlier. Title: The Case for a Non-Interventionist Foreign Policy Time: 3:00 p.m. to 3:50 p.m. Place: East Pauley Ballroom of the Martin Luther King Jr. Student... MORE

Bet on Oil Prices

Energy, Environment, Resources
David Henderson
In my executive MBA class yesterday, the one I do by video teleconference, I covered Bob Murphy's piece on oil prices as an application of some of the economics of futures markets. One part of Murphy's article that I highlighted... MORE

The Roaring Thirties

Growth: Causal Factors
David Henderson
That's the title of my review, in the latest issue of Policy Review, of Alexander J. Field's A Great Leap Forward: 1930s Depression and U.S. Economic Growth. Here's an excerpt of my review: The decade that took the biggest strides... MORE

The Balanced-Budget Multiplier

Fiscal Policy
David Henderson
In the "Letters" section of the Wall Street Journal today, Ball State University economics professor T. Norman Van Cott, in praising a recent WSJ critique of Keynesian economics by Allan H. Meltzer, adds to the critique, writing: Particularly egregious is... MORE

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