Bryan Caplan, David Henderson, and Arnold Kling

David Henderson: February 2011

An Author Archive by Month (37 entries)

Unions: Bob Barro's Mistaken Analogy

Labor Market
David Henderson
Labor unions like to portray collective bargaining as a basic civil liberty, akin to the freedoms of speech, press, assembly and religion. For a teachers union, collective bargaining means that suppliers of teacher services to all public school systems in... MORE

Distribution of Tax Burden by Quintile

Taxation
David Henderson
In comments on my post on Rand Paul and David Letterman, some commenters expressed interest in seeing the data on overall federal tax burden, not just the burden of the federal income tax. As it happens, the Congressional Budget Office... MORE

Rand Paul on Letterman

Economic Philosophy
David Henderson
When Rand Paul ran for the U.S. Senate, my worst case rating of him, out of 10, was about a 4, and my best case was about a 7. One of my biggest concerns was that he seemed to waffle... MORE

Barbara Branden on Atlas Shrugged

Economics and Culture
David Henderson
Along with some other recipients, I received a letter from Barbara Branden last night about her reaction to the movie, Atlas Shrugged. She gave me permission to quote extensively. I couldn't think of anything to cut and so here is... MORE

Gibson on Gold

Money
David Henderson
San Jose State University economist Warren Gibson has an excellent article, "Gold and Money," in the latest Freeman. He lists a number of claims about gold, both positive and negative, and proceeds to do a "True, False, Uncertain, with explanation"... MORE

John Goodman on Government Failure

Public Choice Theory
David Henderson
Why is our perspective so different from so many other health policy analysts? I think the answer is: the vast majority of people in health policy do not understand the concept of "government failure." For example, health economist Austin Frakt,... MORE

Educational Testing

Economics of Education
David Henderson
In a comment on my post, "Home Schooling and Socialization," Scott writes: Your views are very similar to those of John Taylor Gatto. Are you familiar with his work? Most libertarians I know consider him a hero which is interesting... MORE

Thank goodness for international trade and the web. Glenn Greenwald has an excellent piece telling us what the New York Times essentially told us if anyone cared to notice: the New York Times admits that it enabled the U.S. government's... MORE

Free the Children

Economics of Education
David Henderson
I mentioned in an earlier post that I had listed, in my book, The Joy of Freedom: An Economist's Odyssey, five ways you could free your child and other people's children from government. Here's what I wrote in 2001: Just... MORE

Schools and Socialization

Economics of Education
David Henderson
Warning: Not for the faint of heart. The following is an outtake from my chapter on education and schools in The Joy of Freedom: An Economist's Odyssey. I was always torn about whether to include it because it was so... MORE

Home Schooling and Socialization

Economics of Education
David Henderson
David Friedman has an excellent comment on home schooling and socialization, in response to another commenter, on Bryan Caplan's recent post. Here are my thoughts, two excerpts from "Freedom and Education Versus 'Public' Schools," Chapter 16 of my book, The... MORE

Scary Data on Private Investment

Macroeconomics
David Henderson
Although the financial-market panic that had flared up in late September 2008 began to subside early in 2009, net private investment continued to fall, becoming negative (-$53 billion, annual rate) in the first quarter of 2009 and even more negative... MORE

Collective Bargaining "Rights"

Labor Market
David Henderson
We're hearing a lot in recent discussions of Wisconsin's government workers' unions about how newly elected Governor Scott Walker plans to limit or end the unions' collective bargaining rights. Here is a discussion by an opponent of Walker's move that,... MORE

What is Freedom of Speech?

Property Rights
David Henderson
Mea Culpa In a post on Friday, I claimed, with the headline, that Secretary of State Hillary Clinton, while criticizing other governments for attacking freedom of speech, went on with her speech even while "goons" (my word) in the auditorium... MORE

Seven Myths about Free Markets

Economic Education
David Henderson
That's the title of a talk I gave to Stephen Hicks's philosophy class at Rockford College on Thursday morning and to economics students of Josh Hall and other economics professors at Beloit College on Thursday afternoon. After my talk at... MORE

Free Speech for Them but Not for Us

Cross-country Comparisons
David Henderson
Does Hillary Clinton Understand Irony? On Tuesday, Secretary of State Hillary Clinton gave a speech at George Washington University in which she criticized foreign governments for cracking down on freedom of speech. In her audience was a retired CIA official,... MORE

Henderson Talk at Rockford College

Upcoming Events
David Henderson
Tomorrow, Thursday, February 17, I'll be giving a talk at Rockford College in Rockford, Illinois. The public is welcome and the money price is zero. Topic: Seven Myths about Free Markets. My host is Rockford College's Center for Ethics and... MORE

Harold Demsetz

Economic Education
David Henderson
In yesterday's post, I said that the thing that turned me around and made me want to get a Ph.D. in economics after finding my one economics course boring beyond belief was a visit to the University of Winnipeg by... MORE

More on Blogging and Libertarians

Economic Education
David Henderson
Co-blogger Bryan's take on GMU professors blogging earlier today is one of my 20 favorites of his posts. I have a few things to add from my own experience. One is a shortened version of my own story of how... MORE

Henderson Review of Bryson's "At Home"

Books: Reviews and Suggested Readings
David Henderson
Bryson has pulled off a marvelous feat. He devotes almost every chapter to a room in his Victorian house in England. He then considers why the room is the way it is and what preceded it. In doing so he... MORE

The Market for Dancers

Economics and Culture
David Henderson
The shortage of men at Edgewater Pointe Estates is a perennial fact of life at retirement communities and nursing homes around the country, where women often outnumber men 3-to-1. Forget finding a mate - finding a man to dance with... MORE

The "Right" Amount of Manufacturing

International Trade
David Henderson
Free-trade critic Ian Fletcher argues that the United States has too little manufacturing. Even if manufacturing output is at an all-time high, he argues, it's still too low. So clearly he has in mind some amount of manufacturing that is... MORE

My Berkeley Talk

Political Economy
David Henderson
On Wednesday evening, I gave a talk at UC Berkeley to a group called the Students for Liberty, UC Berkeley. I've talked to a number of college audiences, but it has been a while since I've spoken to a campus... MORE

Ron Paul's First Hearing

Monetary Policy
David Henderson
Congressman Ron Paul, a man I admire a great deal, held his first hearing on February 9. I posted on one aspect of it here. I was surprised at his choice of one of witnesses, Tom DiLorenzo. Although I defended... MORE

In a hearing before a House Subcommittee headed by Congressman Ron Paul on February 9, Democratic Congressman William Lacy Clay attacked an economist who testified on monetary policy because the economist had written, among other things, the following: And as... MORE

My Morning's Web Reading

Books: Reviews and Suggested Readings
David Henderson
I found a lot of good and informative pieces on the Web this morning and so, rather than pick one to highlight in depth, I'll name a few and say a little about, or quote a little from, each. Ivan... MORE

Geithner and Debt: A Better Analogy

Fiscal Policy
David Henderson
I posted last week on the dispute between Treasury secretary Tim Geithner and U.S. Senator Pat Toomey and argued that Toomey got the best of Geithner in the debate. I quoted this argument that Geithner used against "prioritizing" federal government... MORE

Henderson on KQED-FM

Upcoming Events
David Henderson
I'll be on KQED-FM on Tuesday morning at 9:00 a.m. PST. I'll be discussing Obama and his talk to the U.S. Chamber of Commerce. The other guest will be Robert Kuttner. Here's the link to the show. I haven't found... MORE

Murphy on Airline Security

Central Planning vs. Local Knowledge
David Henderson
Are you tired of having naked pictures taken of you and/or being groped at the airport in this "land of the free," but still worried about a terrorist hijacking of the airplane you're on? Is there a way out of... MORE

My Talk at Berkeley

Upcoming Events
David Henderson
This Wednesday, February 9, I'll be giving at talk at UC Berkeley. Title: The Costs of War. The talk is sponsored by the Students for Liberty, UC Berkeley. The details are here.... MORE

Now versus 1973

Growth: Consequences
David Henderson
There's been a lot of discussion in the blogosphere lately about whether we're better off--and if so, by how much--than our counterparts in 1973. Scott Sumner has added his thoughts. Here are my further thoughts--prompted by Scott and by some... MORE

My Philosophy of Teaching

Economic Education
David Henderson
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... MORE

Tyler Cowen Versus My Co-Bloggers

Growth: Consequences
David Henderson
Yesterday, my co-bloggers, Arnold Kling and Bryan Caplan posted critical comments on Tyler Cowen's "Great Stagnation" thesis. Tyler replied as a commenter to both. Tyler insisted to Arnold that he is being misunderstood. The growth in economic well-being for the... MORE

The Debt Limit Debate

Fiscal Policy
David Henderson
On January 6, 2011, Treasury Secretary Tim Geithner sent a letter to Harry Reid in which he stated: Failure to raise the [debt] limit would precipitate a default by the United States. In context, it's clear that by "the United... MORE

Health Care Story

Economics of Health Care
David Henderson
This is one of my very few posts in which I'm not trying--or, at least, not trying hard--to draw a moral or a lesson or illustrate an economic principle. I just found it fascinating. If I were trying to extract... MORE

My Consumer Surplus Story

Business Economics
David Henderson
I said here that I would tell my consumer surplus (CS) story that I often tell when I teach the concept. Here it is. In September 1972, my friend Harry Watson (aka J.W. Henry Watson) and I were traveling from... MORE

Clarification on Consumer Surplus

Business Economics
David Henderson
Commenters on my previous post on consumer surplus (CS) raised some questions that I want to respond to. 1. Philo points out that in figuring out our consumer surplus, our baseline matters crucially. So, for example, my CS from one... MORE

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