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David Henderson: January 2015

An Author Archive by Month (23 entries)

What is Ray Lopez Missing?

Macroeconomics
David Henderson
Regular Econlog commenter Ray Lopez writes, in response to Scott Sumner: My first objection: aside from the "Open Letter" by the liberal leaning economists, that indeed predicted a 'double-dip recession' if sequestration happened, who else predicted a recession? Not the... MORE

Some Californians versus the State

Regulation
David Henderson
Against Collectivism In the last year I have made our sister legal blog, Library of Law and Liberty, part of my newsfeed. I read most of their posts and learn from many of them. Today, blogger and George Mason University... MORE

A Lesson in Rhetoric

Economic Philosophy
David Henderson
A lesson I learned early in life On Facebook yesterday, an economist friend wrote that, in criticizing work by Thomas Piketty, he was claiming that Piketty is arrogant. He asked me (and others) if I thought that it was a... MORE

We Are Lucky

Economic Philosophy
David Henderson
One of my pleasures in travel in the United States and Canada is running into, and having short enjoyable conversations with, immigrants from Ethiopia. A little game I play, when I have an interaction with someone--typically in a cab, at... MORE

Extracting Information from Recent Events

Behavioral Economics and Rationality
David Henderson
In a recent post, co-blogger Bryan Caplan cautions against taking any recent event and glibly asserting that the event shows whatever the person using it wants the event to show. I agree wholeheartedly with that caution. But that doesn't mean... MORE

Power Corrupts AND Attracts the Corruptible

Public Choice Theory
David Henderson
I'm traveling this morning from Pennsylvania to Newark Airport to Toronto and so I'll be brief. A friend on Facebook recently cited this quote from Frank Herbert. I had not heard it before: All governments suffer a recurring problem: Power... MORE

Noah Smith on Brad DeLong

Income Distribution
David Henderson
Noah Smith has an excellent post in which he challenges a key Brad DeLong claim. It's titled "DeLong Smackdown Patrol: How worse off are we really?" Brad DeLong writes: The American economy has done badly over the past generation or... MORE

The Two Davids Converge

Property Rights
David Henderson
Regular readers of this blog know that I was pretty harsh on David Cay Johnston recently (here and here). But David is persistent. He posted an excellent comment on my first post. If I don't mention it here, it will... MORE

Henry G. Manne, RIP

Law and Economics
David Henderson
UPDATE Below Henry G. Manne, one of the pathbreaking contributors to Law and Economics, died this morning. I think I first came across his work by following up a footnote in an article in the Journal of Law and Economics... MORE

Shortly after economist George Hilton, who had taught me at UCLA, had died, I wrote a short remembrance. Another UCLA alum, Robert Helms, has sent me one more. Here it is: When George got to the part of the course... MORE

War is the health of the state. I think it would be a big mistake to oppose the objective of global progressive taxation of income and wealth with the objective of class struggle and political fight, for at least two... MORE

Thumbs Up for "The Interview"

Political Economy
David Henderson
Warning: Multiple spoilers ahead. I won't even try to avoid them. Over the holiday, I rented the Seth Rogen movie "The Interview" on On Demand. I liked it. I didn't love it and I could have done without most of... MORE

Henderson at Susquehanna University

Upcoming Events
David Henderson
I will be speaking at Susquehanna University in Selinsgrove, Pennsylvania on January 21. Time: 7:30 p.m. Place: Isaacs Auditorium, Seibert Hall Title of Speech: Seven Myths about Free Markets Here's the announcement by Susquehanna University economics professor Matthew Rousu. Here's... MORE

Martin Anderson, RIP

Labor Market
David Henderson
UPDATE BELOW If you are an American male under age 67, you should take a moment and give thanks to Hoover Institution Senior Fellow Martin Anderson, who died on January 3. Why? Because he helped contribute to ending military... MORE

How the Web Has Changed Journalism

Information Goods, Intellectual Property
David Henderson
It's probably obvious to most readers just how much the web has changed journalism. But my recent debate with David Cay Johnston both on Econlog (here and here) and over at Cafe Hayek is a nice illustration. Think how the... MORE

John Lee on Krugman and Cowen on Immigration Restrictions

Labor Mobility, Immigration, Outsourcing
David Henderson
John Lee has written an excellent piece in which he gently chides Paul Krugman and Tyler Cowen (mainly the former) for their unwillingness to advocate "open borders." I put that term in quotation marks because Robert P. Murphy has persuaded... MORE

Response to David Cay Johnston

Income Distribution
David Henderson
David Cay Johnston has replied, in three lengthy comments (here, here, and here), to my post and other commenters' comments. I want to reply to what he said that challenges my statement that he is confusing poverty and income inequality,... MORE

David Cay Johnston's Confusion

Income Distribution
David Henderson
"Inequality Damages Marriage" is the title of a recent article by David Cay Johnston. But his article shows no such thing. Regular readers of my posts know that I never blame an author for the title of an article run... MORE

Is Tax Dodging Bad or Good?

Taxation
David Henderson
Your answer will depend on your values and your model of government. Whether dodging taxes is "good" or "bad" is a value judgment that takes us outside the field of economics. But surely one's value judgment will depend, at least... MORE

NYPD's Reverse Washington Monument Strategy

Public Choice Theory
David Henderson
Here's what Richard L. Stroup writes about the Washington Monument Strategy (WMS): A perennial case in point is the "Washington Monument strategy" of the National Park Service. At budget time, the service frequently threatens to curtail visiting hours at its... MORE

Henderson on Weidenbaum

Obituaries
David Henderson
My first article of 2015 is out. It's "A Feel for Economics: Murray Weidenbaum, 1927-2014," Regulation, Winter 2014-15. Some highlights follow. The opening paragraph: I first met Murray Weidenbaum at the 1974 American Economics Association meetings in San Francisco. I... MORE

Can't We All Just Get Along? Daniel Klein has one of the most unusual minds of all the libertarian intellectuals I know. He will get on a subject where I see nothing there, and then, with fairly simple exposition and... MORE

The Wonder of Economic Freedom

Business Economics
David Henderson
Like fellow blogger Alberto Mingardi, I appreciate Jeffrey Tucker's writings on the "marvels of a free market economy." The other person I would put in the same category is Don Boudreaux over at CafeHayek. And another blogger who contributed mightily... MORE

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