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David Henderson: April 2015

An Author Archive by Month (21 entries)

Christina Hoff Sommers at Georgetown

Labor Market
David Henderson
There's even a term for what caused me, someone who is notoriously impatient while watching long videos, to watch an hour-plus video of a speech by feminist Christina Hoff Sommers at Georgetown. It's called the "Streisand effect." Most of the... MORE

Dean Baker on Something "All Economists Agree On"

International Trade
David Henderson
Dean Baker has a post in which he expresses skepticism about fast-track authority for the Trans-Pacific Partnership (TPP) and the Trans-Atlantic Trade and Investment Pact (TTIP). He argues that the deals are not mainly about free trade. Paul Krugman argued... MORE

Boudreaux on Theorizing about Facts

Economic Methods
David Henderson
"[M]uch of today's empirical work on the effects of minimum-wage legislation is in fact highly theoretical." --Don Boudreaux "The data never speak for themselves." --W. Allen Wallis, the statistician and economist who was pals and colleagues with Milton Friedman, George... MORE

The Friedmans and Joseph Schumpeter on Economic Progress

Growth: Consequences
David Henderson
My review of Alex Epstein's The Moral Case for Fossil Fuels has been accepted by Regulation magazine and will be published in the Summer issue. In my review I quote Epstein quoting a passage from Milton and Rose Friedman's Free... MORE

At 13, he [Roland Fryer] forged his birth certificate to get a job at McDonald's. When he could, he told me, he stole from the cash register. He sold counterfeit Dooney & Burke purses out of the trunk of his... MORE

My Review of Barbara Bergmann, Part 3

Labor Market
David Henderson
This is the last installment of my 1987 review of Barbara Bergmann's book The Economic Emergence of Women. For the previous two installments, see here and here. Bergman favors some policies that restrict opportunities for women. For example, she seems... MORE

My Review of Barbara Bergmann, Part 2

Labor Market
David Henderson
Yesterday, I posted the first part of my 1987 review of the late Barbara Bergmann's book The Economic Emergence of Women. Here's the next part: To combat discrimination against women, Bergmann would have the government step up its enforcement of... MORE

My Review of Barbara Bergmann

Labor Market
David Henderson
While I was heading to the APEE conference in Cancun, I learned that economist Barbara Bergmann had died. I reviewed her book The Economic Emergence of Women in Fortune on March 2, 1987. Here are some excerpts from my review:... MORE

Bernanke and Poole on Secular Stagnation

Growth: Causal Factors
David Henderson
Note: The reason for my dearth of blog posts lately is the troubles I've had with my 6-year-old Mac. I now have a new one and all is well. Fingers crossed. Does the U.S. economy face secular stagnation? I am... MORE

Mankiw's Textbook on Determinants of Demand Elasticity

Economic Education
David Henderson
In the Energy Economics course I'm teaching this quarter, I have a number of students who have never had economics before. So I'm using selected chapters from the Microeconomics portion of Greg Mankiw's Principles of Economics, and I add a... MORE

Substitution in Nicotine Consumption

Competition
David Henderson
Yesterday's electronic New York Times and today's print edition carries the news story "Use of E-Cigarettes Rises Sharply Among Teenagers, Report Says" by Sabrina Tavernise. It's actually very good. Indeed, it reminds me of some of the best of the... MORE

The earliest 20th-century reference I have been able to find to a Laffer curve effect is in a 1901 article by London School of Economics professor Edwin Cannan. While conceding that a 100 percent tax rate on amounts earned that... MORE

Everything's Amazing and I'm Happy!

Business Economics
David Henderson
Did I ever optimize in using one of my last "free" passes to the United Red Carpet Club in LAX! I flew down from Monterey to LAX early this morning, with a 3-hour gap between flights. That made it reasonable... MORE

The Public Choice Behind Carbon Taxes

Public Choice Theory
David Henderson
Jerry Taylor of the Niskanen Center, who co-authored an excellent piece, "Energy," in The Concise Encyclopedia of Economics, has a post titled "Oil and Gas Industry Opinions about Climate Change." He writes: My colleague Sarah Hunt pointed out yesterday that... MORE

I was too busy on April 1 to post an April Fool's Day entry. This isn't one. But my use of the word "insightful" in the title is meant to be ironic. A few days ago, Paul Krugman posted that... MORE

Ed Dolan on ShadowStats

Macroeconomics
David Henderson
It is hard to think of a website so loved by its followers and so scorned by economists as John Williams' ShadowStats, a widely cited source of alternative economic data on inflation and other economic indicators. So begins economist Ed... MORE

I Am NOT Charlie Hebdo

Economic Philosophy
David Henderson
After the horrible murders of workers at the French newspaper Charlie Hebdo in January, it became chic for a few weeks to wear buttons saying "I am Charlie Hebdo." I thought that was a mistake then and I almost wrote... MORE

Basketball Team Composition and Relative Prices

Microeconomics
David Henderson
I've been too busy to watch much of the NCAA March/April madness, but I started watching the final game tonight. When I realized that it's a private school (Duke) vs. a government school (U. of Wisconsin), I made a prediction.... MORE

The Real Teaching Moment in Brian Williams's "False Memory"

Behavioral Economics and Rationality
David Henderson
Memory experts have argued that NBC News anchor Brian Williams' dramatic fall from grace provides a wonderful "teaching moment" to alert the public about research findings on how flawed human memories are. These experts also intimate that their research suggests... MORE

For Freedom of Association

Business Economics
David Henderson
There has been a lot of controversy lately about Indiana's religious freedom law. There's a simple solution to the problems that the law deals with: freedom of association. I don't claim here to understand all the ins and outs of... MORE

Google's Gamble

Competition
David Henderson
Before getting to today's post, two things: 1. Thanks to all the commenters whom I didn't thank individually for their congratulations on my becoming a Full Professor. As one of my former students said on Facebook, he's glad that I'm... MORE

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