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David Henderson: February 2012

An Author Archive by Month (26 entries)

The March Issue of Reason Magazine

Books: Reviews and Suggested Readings
David Henderson
Rarely do I take the time any more to read through the whole of a magazine. But I've been traveling in Asia and I found time to read most of the March issue of Reason. It's superb. Here are just... MORE

Peter Thiel on Regulation and Progress

Regulation
David Henderson
Peter Thiel gave an interesting talk at the International Students for Liberty Conference earlier this month. In it, he claimed that few sectors other than the relatively unregulated IT sector have had substantial progress decade by decade. He mentioned, for... MORE

Microcredit versus Immigration

Labor Mobility, Immigration, Outsourcing
David Henderson
When people try to think of ways to ease global poverty, they seldom mention migration. They tend to instead think of things like microcredit. There is nothing wrong with microcredit (the lending of small sums of money to poor entrepreneurs).... MORE

O'Reilly and Dobbs to Obama: Be More Socialist

Energy, Environment, Resources
David Henderson
I'm sitting in my hotel room in Chiang Mai, Thailand watching The O'Reilly Factor. I might as well have been watching Amy Goodman's Democracy Now! The content was almost indistinguishable. O'Reilly and Dobbs were saying that Obama should be taking... MORE

How Real Wage Increases Have Been Understated

Labor Market
David Henderson
Over the years, In discussing the alleged decline in real U.S. median wages, I've pointed out that there are two important ways in which the growth in real wages has been understated: (1) The inflation adjustment used to compare wages... MORE

Sharks--or Angels?

Information Goods, Intellectual Property
David Henderson
ABC calls it the Shark Tank...Sharks are evolutionarily ancient, the current versions not that much different from when our ancestors diverged from theirs 460 million years ago. They are highly evolved killing machines, programmed for nothing but predation, achieving little... MORE

Richard Epstein on Charity and Health Care

Economics of Health Care
David Henderson

My Interview at Rockford College

Economic Philosophy
David Henderson
Rockford College philosophy professor Stephen Hicks asks me some questions. Here's the result. Here are the questions: Why did you become an economist or political-economist? Does liberal society need an economic theory, and if so why? Your books: Key themes... MORE

Brown M&Ms and Hotdogs

Information Goods, Intellectual Property
David Henderson
Russ Roberts has a fascinating video by a great storyteller about why Van Halen had a contract in the 1980s that put a high penalty on having brown M&Ms in the dressing room. I'll leave the reader to watch it.... MORE

A Perverse Incentive for Graduate School

Economics of Education
David Henderson
On a flight from Rochester, New York to Washington Dulles last Friday, I sat beside a young woman who had recently graduated from Penn State and had just started a new job. We got talking about student debt. She told... MORE

Did Napster Reduce Music Quality?

Information Goods, Intellectual Property
David Henderson
One purely consequentialist argument that defenders of tough copyright laws have made is that without strong enforcement of copyright, the incentive to produce new high-quality music will be lower than otherwise. The argument makes sense on its face and the... MORE

Japanese Voluntarism to Solve Social Problems

Labor Market
David Henderson
The effort to clean up and shut down Japan's crippled, leaking Fukushima Daiichi nuclear power facility will be long and dangerous. Just this week, two more workers in their 30s and 40s were reportedly exposed to potentially deadly amounts of... MORE

Problems with Henry George's Single Tax

Taxation
David Henderson
Bryan Caplan makes a good point with his and Zac Gochenour's search-theoretic critique of Henry George's tax on the value of unimproved land. It's similar to a point that Charles Hooper made in his bio of Henry George in The... MORE

How to Cut the Cost of Contraceptives by Regulating Less

Economics of Health Care
David Henderson
In his "compromise" with Catholic critics, President Obama has said that various church-affiliated employers don't have to provide a contraception benefit in their insurance plans. However, insurance plans will have to provide such a benefit separately and must not charge... MORE

Happy Birthday, Eugen and Julian

Austrian Economics
David Henderson
As the NBER web site points out, February 12 is the birthday of economists Eugen Bohm-Bawerk and Julian Simon. Here is the bio of Bohm-Bawerk in The Concise Encyclopedia of Economics. One highlight from that bio: Böhm-Bawerk was also one... MORE

W. Allen Wallis: An Appreciation

Labor Market
David Henderson
I gave a talk last night at the University of Rochester. The talk was titled "Do We Need to Go to War for Oil." It was nice to catch up with friends in Rochester and former colleagues: John Long and... MORE

Break the Buck!

Finance
David Henderson
Regulators are completing a controversial proposal to shore up the $2.7 trillion money-market fund industry, more than three years after the collapse of Lehman Brothers Holdings Inc. sparked a panic that threatened the savings of millions of investors and forced... MORE

Is Iran a Threat?

Behavioral Economics and Rationality
David Henderson
But, say the critics, Iran is different. They have all those mad mullahs over there who don't care about life on earth and simply want to destroy -- fill in the blank -- Israel, the United States, or Israel and... MORE

Yesterday, co-blogger Arnold Kling referenced my work on the U.S. post-World War II austerity. I had pointed out that Keynesian wunderkind Paul Samuelson had blown it with his prediction of a postwar slump. In the comments, wd40 writes: During WW2,... MORE

Lessons from Solyndra

Central Planning vs. Local Knowledge
David Henderson
An even more serious problem concerns the restructuring of the original Solyndra loan guarantee, a move that placed new, private investors at the front of the line in the event of a default. The result was that the government's (i.e.,... MORE

Five Myths About Free Markets

Political Economy
David Henderson
The talk I gave at Hoover on Wednesday, "Five Myths About Free Markets," is on YouTube. Here it is.... MORE

French versus American Parenting

Behavioral Economics and Rationality
David Henderson
Relax. That's my summary of an article by Pamela Druckerman in today's Wall Street Journal by an American woman who noticed that French kids tend not to be brats to the same degree that American kids are. It's more grist... MORE

My University of Rochester Talk

International Trade
David Henderson
On Thursday evening, Feb. 9, I'll be giving a public talk at the University of Rochester in Rochester, New York. It will go from 7:30 to 9:00, with ample time during that time period for Q&A. The talk is titled:... MORE

Rena Henderson on the Komen Controversy

Economics of Health Care
David Henderson
If you've followed the news on the Susan G. Komen for the Cure controversy lately, you know that it has been getting a lot of flak. The foundation had been sending funds to Planned Parenthood to finance breast-cancer screenings and... MORE

My Hoover Talk Today: Live Stream

Upcoming Events
David Henderson
I just found out that my Hoover Institution talk today to a group of students will be live streamed. It's at 3:10 p.m. EST (12:10 p.m. PST). Here's the link. Topic: "Five Myths about Free Markets."... MORE

A Phony Right: My Letter to the Monterey Herald

Economic Education
David Henderson
Yesterday, the Monterey County Herald, my local paper, ran my letter as the lead letter. I was commenting on this story. Here it is: A 'phony right' Your article Saturday on CSU Monterey Bay students who are unhappy with a... MORE

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