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David Henderson: September 2015

An Author Archive by Month (24 entries)

De Rugy et al on Export-Import Bank: Good Article, Wrong Title

Behavioral Economics and Rationality
David Henderson
In the latest issue of Econ Journal Watch, economists Veronique de Rugy, Ryan Daza, and Daniel B. Klein have an article titled "Why Weren't Left Economists More Opposed and More Vocal on the Export-Import Bank?" It's a good article but... MORE

Henderson on Goodman on Obamacare

Books: Reviews and Suggested Readings
David Henderson
If you think that the Patient Protection and Affordable Care Act (ACA, also known as Obamacare) is bad because of its expense, the distortions it causes in the labor market, its failure to provide people what they really want, and... MORE

Friday Night Video: Government Goes House Shopping

Politics and Economics
David Henderson
This is the 4th in the series of Love Gov. For some reason that I can't put my finger on, I didn't like it as much as the first 3. But I still liked it a lot. It's possible that... MORE

Come Away With Me

Economic Education
David Henderson
A minute ago, I read Steven Landsburg's beautiful encomium to Deirdre McCloskey. An excerpt: We were dazzled, all of us, all of us who had come here hoping to escape the ordinary, to be touched by greatness, to enter into... MORE

Shocking Quote from Buchanan

Economic Philosophy
David Henderson
Written 35,000 feet above the earth en route to Boston. Aren't technology and somewhat-free markets grand? I'll be the discussion leader at a conference this weekend, an event at which about 14 economists, political scientists, law professors, philosophers, and others... MORE

We're Number 16! We're Number 16!

Cross-country Comparisons
David Henderson
Four years ago, when the then latest issue of Economic Freedom of the World was published, I wrote a post titled "We're Number 10! We're Number 10!" The reason: according to the study, the United States had fallen to 10th... MORE

This is Episode 3 of the 5-episode Love Gov series put out by the Independent Institute. It's titled "Love Gov: A Remedy for Health Choice." Highlights 4:00: He protects people from choices. 4:07: Pediatric dental for people without kids. They... MORE

Values are Subjective

Behavioral Economics and Rationality
David Henderson
As I've often mentioned on this blog, at the start of every course I teach, I cover The Ten Pillars of Economic Wisdom. I tell my students that the 3rd pillar tends to be the hardest one for people to... MORE

As you know if you follow presidential politics, there are 2 "debates" today among the candidates for the Republican nomination for president. Here's the question I would like one of the questioners to ask: Some of you advocate compulsory E-Verify,... MORE

Harold Demsetz on the Draft as an Externality

Property Rights
David Henderson
Perhaps one of the most significant cases of externalities is the extensive use of the military draft. The taxpayer benefits by not paying the full cost of staffing the armed services. The costs which he escapes are the additional sums... MORE

Dan Ariely: Where's My Quarter Pizza?

Economic Philosophy
David Henderson
Dan Ariely and Michael Norton write: Picture three people splitting an 8-piece pizza. How should they divide it? The possibilities are endless, from the very unequitable -- one person eats the whole pie -- to the more equitable -- say,... MORE

Are Latino Immigrants More Anti-Economic Freedom than Native Whites?

Labor Mobility, Immigration, Outsourcing
David Henderson
One argument made by many opponents of substantially increasing immigration--and it is one of the few that I have found somewhat persuasive--is that immigrants do not understand the value of economic freedom and will vote away the economic system that... MORE

Do George Mason Students Forget 9/11?

Unintended Consequences
David Henderson
"Americans Swore They Would 'Never Forget 9-11.' But College Students Asked Why It Happened Have No Idea." So reads the caption on a YouTube video put out by the Young America's Foundation. The interviewer questioned students on the campus of... MORE

Last Friday, I posted the first video in a series of five called "Love Gov." Today I watched the second and it's as good as, if not better than, the first. In it, the personified government tries to protect the... MORE

Henderson on Trump

Politics and Economics
David Henderson
You don't have to follow Republican politics for very long to realize that Trump hit two "third rails" in one month. And yet, here he is, as I'm writing this in late August, leading all other Republican candidates for president... MORE

The Decline in Labor's Share of U.S. Income

Labor Market
David Henderson
Last month, Timothy Taylor, the Conversable Economist, posted an interesting item on the decline in labor's share of income. First some background. I've taught economics since 1975, except for about 4 years (1979-1980 when I was a senior policy analyst... MORE

Would Conscription Reduce the Odds of War?

Labor Market
David Henderson
Note: I wasn't planning a special Labor Day-oriented blog post. I wanted to write this one. Then I realized that this is a Labor Day-oriented blog post. What better defense of labor could there be than a defense of laborers'... MORE

Warm Fuzzies May Have Scientific Support

Economics and Culture
David Henderson
Back in March, in a post about cooperating with and helping others, I ended with this: So I helped make things work better. Here was my interesting physical reaction. I actually felt a part of my brain feel warm and... MORE

Friday Night Video: An Education in Debt

moral reasoning
David Henderson
The Independent Institute has produced a 5-video series called "Love Gov." It's a series of humorous skits in which the government is personified. I've seen only the first but it's excellent. It also hits one of co-blogger Bryan Caplan's main... MORE

The Germans Are a Comforting People

Labor Mobility, Immigration, Outsourcing
David Henderson
Those of you who, like my wife and me, are big fans of the TV show The Big Bang Theory, might get a kick out of this title. I've changed the "have always been" that Sheldon says in this segment... MORE

Slaying the Myths about Plastic Bags

Central Planning vs. Local Knowledge
David Henderson
Though it was meant as irony, there was an essential (if accidental) truth behind the speech [in the movie American Beauty]. The technology behind plastic grocery bags is so useful it won a Nobel Prize. Employing an unimaginably small amount... MORE

A Bet with Rick Moran

Behavioral Economics and Rationality
David Henderson
Over at PJ Media, Rich Moran writes: Since there is a pretty good possibility that Prime Minister Benjamin Netanyahu and Israel are likely to "take" a nuclear bomb down the gullet thanks to the ignorant naivete of the president and... MORE

Questions for Luigi Zingales

Finance
David Henderson
Over at Marginal Revolution, Tyler Cowen has asked people to propose questions for him to ask Luigi Zingales next week. I'm a big fan of Zingales's book A Capitalism for the People: Recapturing the Lost Genius of American Prosperity. I... MORE

A Counterexample for Scott Alexander

Business Economics
David Henderson
I enjoyed Bryan Caplan's post early this morning. In my view, the best comments so far are by Daniel Fountain and by Thomas B, although Mike Hammock and Hasdrubal make good points also. I look forward to reading Bryan's responses... MORE

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