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David Henderson: December 2013

An Author Archive by Month (26 entries)

Introducing Scott Sumner

Macroeconomics
David Henderson
Starting tomorrow, Econlog's new guest blogger will be Scott Sumner. Ever since we lost Arnold Kling, in the late summer of 2012, Econlog has needed a macroeconomics presence. Both Bryan Caplan and I post occasionally about macroeconomics, but we are... MORE

Farewell, Art Carden

Upcoming Events
David Henderson
Guest blogger Art Carden, who has been with Econlog for the last 9 months, will be posting his last entry tomorrow. We wish him well. My two favorite posts of Art's are "I'm Proud to Be a Bad Person," (August... MORE

The Economics of Respect

Labor Market
David Henderson
In "Redistribute wealth? No, redistribute respect," Noah Smith argues that we should pay more respect to people who work in currently less-respected jobs. To that, I say a hearty "hear, hear." I also like the title, although I'm not sure... MORE

Welcome to the Police State

Economics of Crime
David Henderson
If all you've got is a hammer, then everything starts to look like a nail. And if police and prosecutors are your only tool, sooner or later everything and everyone will be treated as criminal. This is increasingly the American... MORE

Freedom of Speech: True and False

Economics of Crime
David Henderson
But, as a number of commentators (including conservatives) have pointed out, the First Amendment is irrelevant to the Duck Dynasty imbroglio for a very different reason. While constitutional protections for speech certainly extend to bigots, they protect only against government... MORE

Walter Oi, RIP

Labor Market
David Henderson
If you are an American male under age 66, you should take a moment and give thanks to economist Walter Oi, who died on Christmas eve. Why? Because he helped contribute to ending military conscription. Conscription ended on June 30,... MORE

The Economics of Christmas: An Addendum

Economic Philosophy
David Henderson
John Carney, over at CNBC, has a hilarious parody of some of the leading economics blogs. The topic: the economics of Christmas. I can't top it, but here is an addendum. Brad DeLong, Grasping Reality, "Worst Person in the World"... MORE

More Likely Than Not? This is Scientific?

Energy, Environment, Resources
David Henderson
UPDATE BELOW 2nd UPDATE BELOW Reason science correspondent Ron Bailey, in the January 2014 issue of Reason, digs into how the Intergovernmental Panel on Climate Change (IPCC) deals with the fact that the globe has not warmed for the past... MORE

How the Welfare State Promotes Nativism

Labor Mobility, Immigration, Outsourcing
David Henderson
Two of the best writers in economics, and among the best thinkers, are Alan Blinder and his mentor, Robert Solow. They seem to share a common view of justice. It's a distributive view whereby the government takes from the well-to-do... MORE

Why I Read Paul Krugman

David Henderson
Two commenters on a post I did recently on Paul Krugman, MingoV and Seth, want to know why I read Paul Krugman as frequently as I do. Specifically, MingoV wrote: Why do economists concern themselves with Krugman's recent writings? His... MORE

Higher Is Not Down

Macroeconomics
David Henderson
In a front-page report in the Wall Street Journal on low inflation in the United States (where the inflation rate for the past 12 months was only 1.2%) and in the euro zone (where it was only 0.9%), the authors,... MORE

George Mason University's Economics in Action

Economic Education
David Henderson
David Chandler Thomas is a Ph.D. student in George Mason University's economics program. I had highly recommended him to the program after having been his thesis advisor. (San Jose State University, where he earned his Masters' degree had asked me... MORE

Denver Post's Media Bias, Part Two

Revealed Preference
David Henderson
Was the murderer a socialist? Can a high school student possibly use that word correctly? A point that a commenter made on my post yesterday about the Denver Post's bias was so important that it deserves its own post. Commenter... MORE

Media Bias, Case No. 15239

Revealed Preference
David Henderson
Arapahoe High gunman held strong political beliefs, classmates said That's the headline of the Denver Post news story about Denver high school murderer Karl Pierson. OK. He had strong political beliefs. Given that that's the headline, wouldn't a good reporter... MORE

Et Tu, Economist?

Labor Market
David Henderson
Is this from The Economist or from Yes, Prime Minister? Scepticism about the merits of minimum wages remains this newspaper's starting-point. But as income inequality widens and workers' share of national income shrinks, the case for action to help the... MORE

Krugman's Kontradictions or Contradictions?

Fiscal Policy
David Henderson
Blogger and frequent Econlib Feature Article contributor Robert P. Murphy has coined the term "Krugman Kontradiction." I believe, and I think Bob agrees with me, that Krugman is very clever and crafty. (Or should that be Klever and Krafty?) And... MORE

Elizabeth Warren Channels Milton Friedman

Public Choice Theory
David Henderson
Elizabeth Warren Opposes Corporate Social Responsibility On Facebook and elsewhere, many of my libertarian friends have claimed, quite correctly in my view, that Senator Elizabeth Warren, in this letter, is bullying various heads of major banks. She realizes that she... MORE

Was Going to War with Japan a Good Idea?

Public Choice Theory
David Henderson
I wrote about the topic in this blog title back in 2006 at antiwar.com. My piece is titled, "I Don't Have to Fight You." Here is an excerpt that relates to Pearl Harbor: Last December, I attended a round-table academic... MORE

Selgin's Thermostat Analogy

Monetary Policy
David Henderson
Once, while a good friend was visiting me on a particularly cold winter's night, the temperature in the poorly uninsulated living room of my old Victorian house dropped to a distinctly chilly 62 degrees. "Can't you make it any warmer?"... MORE

Zwolinski's Weak Case for a Guaranteed Minimum Income

Economic Philosophy
David Henderson
Philosophy professor Matt Zwolinski has written an article making the case for a guaranteed minimum income, guaranteed, that is, by the government. That, in itself, is not surprising. What makes it somewhat surprising is that Matt is a libertarian and... MORE

Nelson Mandela, RIP

Labor Market
David Henderson
UPDATE BELOW: I just heard from a KQED news producer a few minutes ago that Nelson Mandela has died. Mandela was a great man. The obvious reason was his courage and persistence in fighting against Apartheid. The somewhat less-obvious reason... MORE

Levatter and Brennan Converge

Economic Philosophy
David Henderson
My friend Ross Levatter, whose article I lauded in my previous post, often makes fun of me for being so optimistic. By the way, as I told him recently, the best argument I've ever seen against my optimism was this... MORE

Levatter on Brennan

Economic Philosophy
David Henderson
As regular readers know, I generally focus on economic issues. Often I do it as an economist; often I do it from a libertarian perspective. But I want to point out a powerful essay on a philosophical issue, "The Brennan... MORE

In his partial defense of the Pope's views on economic policy, Ryan Avent writes: Neither did economic growth magically free American slaves or end Jim Crow. There was nothing inevitable about the end of institutionalised racism in America, and without... MORE

We often hear people, including businessmen, lament the fact that the government doesn't seem to be run like a business. Many of them want it to. In one of the two December Feature Articles, "Why Government Doesn't--and Can't--Manage Resources Like... MORE

What is Service?

Economic Philosophy
David Henderson
This morning I was in a hurry to make it to my Sunday morning walk and hadn't had time to make breakfast. So, on the way home from getting coffee for my wife and daughter, I stopped at McDonald's for... MORE

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