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David Henderson: July 2016

An Author Archive by Month (17 entries)

Econgirl on Compensation for Trade Losses

International Trade
David Henderson
Should some of my gains from In-N-Out Burger be Taxed Away to Compensate Taco Bell? Jodi Beggs, aka Econgirl, at the "Economists Do It With Models" blog, raises the issue, which more economists seem to be talking about lately, of... MORE

Forced Labor in Venezuela

Price Controls
David Henderson
Well, Venezuela's government has now taken the next step--to forced labor. Here's Richard Washington, "Venezuela calls for mandatory labor in farm sector," on CNBC: A Venezuelan ministry last week announced Resolution No. 9855, which calls for the establishment of a... MORE

Mao's Murderousness

Economic History
David Henderson
In the most important Marginal Revolution post this month, Alex Tabarrok quotes from Frank Dikotter's "Looking back on the Great Leap Forward," in History Today. If you're feeling bad about the two grim major-party choices for president in November, remember... MORE

Risk of Nuclear War

Foreign Policy
David Henderson
In my recent post "Incentives Matter for Politicians Too," I wrote: One of my biggest concerns is that Hillary Clinton as President would purposely or accidentally get the United States into a war with Putin. The New York Times editors,... MORE

A Cheap Economist Buys Lunch

Business Economics
David Henderson
Just Say No "These Are The Mind Tricks Restaurants Use To Make You Spend More Money." So reads the title of a recent article warning people about the various psychological tricks restaurants use to cause you to spend more. There's... MORE

Incentives Matter for Politicians Too

Incentives
David Henderson
In a Facebook comment on my recent post on Peter Thiel and Donald Trump's foreign policy views, my friend Stephen M. Jones wrote (I quote with his permission): Tyler Cowen had an important post linking this article about Trump and... MORE

Highs and Lows of the Republican Convention

Economic Philosophy
David Henderson
Watching and analyzing the Republican convention so that you didn't have to. I watched more of the Republican national convention than I usually do, mainly because it promised to be more interesting than the usual. It was. Here are some... MORE

Peter Thiel on Foreign Policy

Foreign Policy
David Henderson
Thiel, who supports gay marriage, plans to say that although he does not agree with all the policies in the official GOP platform, he believes fighting over cultural issues such as "bathroom bills" is a distraction from more important matters.... MORE

A Badly Misleading Title

Books: Reviews and Suggested Readings
David Henderson
I'm back from my 18-day trip to my cottage in Canada and so, once again, I will be posting almost daily. I hate many things: one of them is price controls and another is badly misleading titles. Three Felonies a... MORE

Don't Worry About Canada Becoming a 'Petrostate'

Energy, Environment, Resources
David Henderson
But imagine that Canada's oil production grows so much that it becomes as important to Canada as oil is to Saudi Arabia. Is that bad? No. First, Canada is a vibrant democracy with competitive political parties and a fair amount... MORE

Great Moments in Sunk Cost

Books: Reviews and Suggested Readings
David Henderson
The third book I finished on my vacation at my cottage in Canada is Trudeau Revealed by David Somerville, BMG Publishing, 1978. It's surprisingly good, in that the author quotes extensively from Pierre Trudeau's writings in the 1950s and 1960s,... MORE

All the Shah's Men

Books: Reviews and Suggested Readings
David Henderson
On my summer vacation, I read more books and fewer blogs. The first book I've read this vacation is Stephen Kinzer's All the Shah's Men: An American Coup and the Roots of Middle East Terror. It's excellent. I saw Kinzer... MORE

Incentives on Set

David Henderson
As I said in an earlier post, my friend Robert Anthony Peters "gets" economics. It has helped him in various situations as an actor. (Parenthetically, one thing I had not been aware of is how low actors' pay can be... MORE

Every year when I go to my cottage in Canada, I invite a friend along, either at the start of the season (when he helps me open the cottage) or at the end (when he helps me close.) This year,... MORE

Robert Murphy on Economic Calculation

Central Planning vs. Local Knowledge
David Henderson
In Mises' view (later elaborated by his follower Friedrich Hayek), a modern economy is far too complex to be centrally planned. Even putting aside concerns about dictatorship and shirking, a socialist system cannot implement an efficient use of society's scarce... MORE

Tom Friedman on Brexit and Trump

Regulation
David Henderson
In the previous post on Tom Friedman, I neglected to mention that hours earlier he had flown in to San Francisco from Europe. That meant that he was likely in the air when the Brexit results came in. He led... MORE

A Lesson in Opportunity Cost

Public Choice Theory
David Henderson
I'm at my cottage in Canada, where I've come every summer since I was 7 months old except for 5 interspersed years in the 1970s, 1980s, and early 1990s, when other things were going on in my life. It's Canada... MORE

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