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David Henderson: November 2014

An Author Archive by Month (25 entries)

Saturday Afternoon Video: Dan Klein on Liberalism

Economic Philosophy
David Henderson
I didn't think that a 20-minute video on the origins and use of the words "liberal" and "liberalism" could hold my attention and draw me in. I am notoriously impatient and I have a strong preference for videos that are... MORE

Robin Hanson's Call for Empirical Research

Economic Methods
David Henderson
UPDATE BELOW: Robin Hanson responds. On November 21, Robin Hanson wrote a piece misleadingly titled "Imagine Libertopia." I say "misleadingly" because he's actually calling on libertarians to do less imagining and more empirical research. It's excellent. I'm posting about it... MORE

Krugman's On-Again, Off-Again Analysis

Energy, Environment, Resources
David Henderson
Krugman's bashing gets in the way of clear thinking. In his most recent New York Times column, "Pollution and Politics," Paul Krugman fluctuates between claiming one doesn't need to do the analysis and actually doing the analysis. The issue: the... MORE

Giving Thanks

Economics of Health Care
David Henderson
I'm up early this Thanksgiving day, before my wife and daughter. My daughter came home from San Francisco yesterday afternoon and for that alone I'm thankful. She, my wife, and a friend had a great visit last night. Now to... MORE

My Proud "Don't Call the Cops" Moment

Economics of Crime
David Henderson
Most mornings that I don't teach, I go out early to the local Safeway, where there's a Starbuck's, and get my wife a Grande non-fat latte. Tip to men who want a long-term successful marriage: If there are things you... MORE

The Case for Balance Billing

Economics of Health Care
David Henderson
The problem starts with the Center for Medicare and Medicaid Services (CMS), the federal agency that sets prices for the medical services of Medicare patients. CMS is really a giant central-planning agency. It sets hundreds of thousands of prices. What... MORE

Carbon Taxes: The Tax Interaction Effect

Energy, Environment, Resources
David Henderson
UPDATE: I made an important mistake. Robert Murphy corrected me in an e-mail. Correction below. Robert P. Murphy, one of the economists who writes frequently for Econlib, has published a number of pieces on the "tax interaction effect." He has... MORE

Mexican Justice Department personnel are disguising themselves as U.S. Marines to take part in armed raids against drug suspects in the United States, according to people familiar with the matter, an escalation of Mexican involvement in battling drug cartels that... MORE

Zycher on Gruber

Economics of Health Care
David Henderson
When L'Affaire Gruber began two weeks ago, Tyler Cowen challenged us to stick to discussing Gruber's economics rather than his personal failings. I took up the challenge here, pointing out that Gruber's willingness to mislead could explain what looked like... MORE

Paul Krugman: David Henderson Was Right

Growth: Causal Factors
David Henderson
Ok, Krugman didn't say that; he didn't mention my name. But that's Krugman's MO. He has stated explicitly before--I can't find the link quickly--that he doesn't want to mention the names of people he takes issue with because that would... MORE

Two Cheers at Least for Some Politicians

Public Goods
David Henderson
I rarely disagree with Don Boudreaux about any economic, political, or moral issue and so in those rare cases where I do disagree, it's probably worth noting. Here's one. In a post in September, I talked about which U.S. presidents... MORE

The New Brownsville U-Turn

Labor Mobility, Immigration, Outsourcing
David Henderson
I flew into the Corpus Christi airport late last night and waited in line for my rental car. Behind me was a young dark-skinned man who appeared to be from India and he was shouting in a foreign language--Hindi, I... MORE

Congressional Consumers Uber Alles

Public Choice Theory
David Henderson
Celebratory Note: This is my 2,000th blog post. It has been and, I predict, will continue to be, a fun ride. Usually in every microeconomics course I teach, there comes a time when I make the point that there is... MORE

Alvin Rabushka's Triumph

Tax Reform
David Henderson
On Thursday I was up at the Hoover Institution to do the interview with Erin Ade of RT's BoomBust and I always use those chances to visit some of my favorite Hoover colleagues. One of them is Alvin Rabushka, who... MORE

Erin Ade, on RT (previously called Russia Today), which is funded by the Russian government, does another good interview of me. It seems strange. Other than John Stossel, no other electronic interviewer asks me such good questions. And, as I... MORE

Best of the Blogs

Economics of Crime
David Henderson
A few highlights from blog posts today that caught my eye. Understatement of the Day Award Tyler Cowen: "The first volume of 949 pp. [of a biography of Stalin] brings the reader up only until 1928. A lot still happened... MORE

Jonathan Gruber's Economics

Economics of Health Care
David Henderson
"Why, Sir, if the fellow does not think as he speaks, he is lying; and I see not what honour he can propose to himself from having the character of a lyar. But if he does really think that there... MORE

So how many Californians have been arrested for eating the wrong kind of egg? Zero. Not even one? Not one. Actually, the law doesn't take effect until January, but even then egg eaters will have nothing to fear. The reason:... MORE

Henderson on Piketty, Part 6

Books: Reviews and Suggested Readings
David Henderson
This is my final installment from "The Unintended Case for More Capitalism," my review of Capital in the Twenty-First Century by Thomas Piketty. Piketty, not to his credit, sometimes uses ad hominems in place of actual argument. I note two.... MORE

Henderson on Piketty, Part 5

Books: Reviews and Suggested Readings
David Henderson
For Piketty and, presumably, Solow to calmly countenance the possibility of stagnating real wages just to keep capital's share from increasing, they would have to see some large problems with increasing inequality. Solow does not point out any such problems,... MORE

Richard McKenzie on Gordon Tullock

Public Choice Theory
David Henderson
I'll have some of my own reminiscences of Gordon Tullock sometime in the next few days. But I'm traveling to Montreal tomorrow and don't have time. But Richard McKenzie sent me four of them. Here they are. Gordon was on... MORE

Reminiscences of Walter Heller

Labor Market
David Henderson
Yesterday, in a comment on my post about the Taylor Rule, Patrick R. Sullivan reminded readers of the famous debate between the late Milton Friedman and the late Walter Heller about the relative potency of monetary and fiscal policy. Friedman... MORE

What's Wrong with the Taylor Rule?

Monetary Policy
David Henderson
Economists have long debated whether rules or discretion should govern monetary policy. But after inflation declined in the 1980s, the debate partly subsided as many began to favor what are called "feedback rules." With strict rules seen as too rigid... MORE

You Should Compromise With Me

Public Choice Theory
David Henderson
Cleaning out my office on Friday, I came across an interesting piece by Gerald F. Seib. He's a Wall Street Journal reporter who covers Washington politics. The piece is about ending gridlock in Washington, and Seib argues that that will... MORE

DeLong on How Income Has Grown in all Quintiles

Income Distribution
David Henderson
In a post entitled "Material Well Being in America Since 1979," Brad DeLong points out that average real income in all quintiles has grown since 1979. He quotes data from the Congressional Budget Office. Here's his quote: [American] real after-tax... MORE

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