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David Henderson: December 2014

An Author Archive by Month (29 entries)

Communist Medical Care

Economics of Health Care
David Henderson
A former student, an officer in the U.S. Navy, gave me permission to post an edited version of his story of growing up in the Soviet Union and his and his family's experiences with the Communist system of medical care.... MORE

FDR Seizes Avery's Yacht

Property Rights
David Henderson
While playing around on the web this weekend, I found the following link. I had known about FDR sending in the National Guard to physically carry Sewell Avery out of his office and, in fact, posted about it earlier this... MORE

Kevin Erdmann on Houses as an Investment

Tax Reform
David Henderson
Somehow, in all my reading of other people's blogs, I missed Kevin Erdmann, aka, The Idiosyncratic Whisk. My loss. His most-recent post, "Housing policy--please do the opposite," is excellent. In responding to Robert Shiller's claim that houses are a lousy... MORE

Sunk Costs are Sunk: An Application to a Starbuck's Run

Economic Education
David Henderson
Last month I wrote the following in a blog post: 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... MORE

Did the North and South Converge?

Economic History
David Henderson
UPDATE BELOW Former Econlog blogger Arnold Kling's latest post is titled "Why Did the South Not Converge?" In it, he quotes from a book by Ira Katznelson and goes on to suggest various factors behind the failure of per capita... MORE

Merry Christmas

David Henderson
To all readers of this blog: If you celebrate Christmas, have a Merry Christmas. If you don't, have a wonderful day anyway.... MORE

Two Takes on Ebenezer Scrooge

Regulation and Subsidies
David Henderson
One of my favorite movies to watch this time of year is the Alastair Sim version of A Christmas Carol. Watching it many times and then, finally, actually reading the Charles Dickens story, has led me to a view that... MORE

Gruber and Henderson on Health Care Mandates

Labor Market
David Henderson
A couple of weeks ago, I posted a video of Jonathan Gruber and me testifying on the economics of government mandates on employers to provide health insurance. We basically agreed on the analysis: the cost of those mandates is borne... MORE

The Brooklyn Cop Killings: A Numerate Analysis

Labor Market
David Henderson
I'll put aside the irony that many people on the right are borrowing a page that many on the left use on other issues by blaming a climate of opinion for the two Brooklyn cop murders. My own view is... MORE

W. Lee Hansen on University of Wisconsin Grading Quotas

Economics of Education
David Henderson
UW-Madison has been moving toward egalitarian grading since 2008 when the university began reporting to departments and instructors the rates of D, F, and drop grades by gender, first-generation college status, and targeted minority status. That sent a message to... MORE

Obama vs. Wall Street Journal on Global Oil Markets

Energy, Environment, Resources
David Henderson
Both Obama and the WSJ are wrong: The WSJ is more wrong. Here's an excerpt from the Wall Street Journal's Review and Outlook (unsigned) editorial, "Obama on Oil Markets: Supply and demand seem to be elusive concepts," on President Obama's... MORE

Good for Michael Vick--or Incentives

Cost-benefit Analysis
David Henderson
"What Michael did was the exception, not the rule," Luzinski said. "He didn't have to do this. The law allows you to skate by and pay your creditors 10 or 20 cents on the dollar, but he thought this was... MORE

Los Angeles Unions' Two-fer on Minimum Wage

Labor Market
David Henderson
When the U.S. minimum wage law was put into effect in 1938, northeastern labor unions gained from it by pricing out their competition. Unions in the textile industry were seeing textile firms move from New England states to southern lower-wage... MORE

Two Cheers for Obama on Cuba

International Trade
David Henderson
As is probably known to virtually all readers of this blog, President Obama announced today his steps to normalize relations with Cuba. It is long overdue and finally we have a President willing to do something about it. I have... MORE

I've asked tough questions before. When Leon Panetta, my former Congressman, came to NPS as Secretary of Defense, I asked [here at the 43:40 point] whether, given his own previous statement that Al Qaeda was down to a handful of... MORE

Starting in January, Californians will pay an added 10 cents or so per gallon of gasoline due to a new law that goes into effect next month. UC Berkeley economist Severin Borenstein writes: Under California's cap-and-trade program to reduce greenhouse... MORE

Kling on the Constitution and the Common Law

Regulation and Subsidies
David Henderson
According to a legal theory I am about to sketch, the Supreme Court would let stand the subsidies that are being paid to people through the Federal health care exchange, in spite of the language in the law that says... MORE

Friday Night Video: Gruber and Henderson

Labor Market
David Henderson
In July 1994, Jonathan Gruber, then an assistant professor of economics at MIT, and I, then the John M. Olin Fellow at Washington University's Center for the Study of American Business, testified on the economic effects of government mandates on... MORE

My Apologies

moral reasoning
David Henderson
As someone who has made a lot of mistakes and who tries hard to admit them and apologize when I think apologies are in order, I have become somewhat of a student of the apology. I think it's important, if... MORE

Campaign Spending Not that Effective

Politics and Economics
David Henderson
Binyamin Applebaum has an excellent article in the New York Times today, titled "Who Wants to Buy a Politician?", on the ineffectiveness, on the margin, of spending on political campaigns. Excerpt: One reason is that buying elections is economically inefficient.... MORE

The Wonder of Competition

Competition
David Henderson
I make myself one large strong cup of coffee early every morning. I use 2 tbsp. of Peet's Major Dickason's Blend. But that's a little too bitter. So I add almost 1 tbsp. of Gevalia Chocolate Mocha. The result is... MORE

Friday Night Video: Henderson on RT

Regulation and Subsidies
David Henderson
A few weeks ago, I did an interview with Erin Ade of RT's "Boom and Bust." The first segment aired a few weeks ago and the second segment a few days ago. In this segment, I discuss: a taxpayer-paid for... MORE

He Who Wills the End Wills the Means

Economics of Crime
David Henderson
In an otherwise excellent segment on the tragic Eric Garner case, in which some New York cops choked to death a man selling loose cigarettes, Jon Stewart, generally a smart man, either misunderstands or plays to his audience's ignorance. Either... MORE

Robert Murphy on the 1920-21 Depression

Fiscal Policy
David Henderson
Paul Krugman has recently reraised the topic of the 1920-21 Depression. It was a very deep depression but it ended quickly. Robert Murphy has an interesting response. Some highlights of Murphy's response. First, how he got interested in the issue:... MORE

Nathaniel Branden, RIP

Obituaries
David Henderson
I just learned from a friend on Facebook that Nathaniel Branden died this morning. He was 84. I learned a lot from his weekend "intensives" and the second one I went to gave me the courage to leave the University... MORE

Charles Davis is Half Right

Information Goods, Intellectual Property
David Henderson
Over at Salon, Charles Davis has an article titled "Amazon's frightening CIA partnership: Capitalism, corporations and our massive new surveillance state." In it, he quotes from, and criticizes, a post I wrote titled "The Amazon Boycott: Blaming a Victim." Davis... MORE

A Strange Critique of Libertarianism

Economic Philosophy
David Henderson
Contrary to libertarian and Tea Party rhetoric, evolution has made us a powerfully social species, so much so that the essential precondition of human survival is and always has been the individual plus his or her relationships with others. This... MORE

McKenzie on Tullock

Obituaries
David Henderson
Gordon Tullock was, in James Buchanan's words, a "natural economist" who saw economics as his way of understanding all of life. He talked and wrote much about personal interest and profit as motivations in markets and politics. Yet he gave... MORE

Farewell, Art Carden

Econlog Administrative Issues
David Henderson
Last December, I bid farewell to our guest blogger Art Carden. And last June I welcomed him back. As Art has already announced his recent stint as a guest blogger is up. This does not mean that he won't be... MORE

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