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David Henderson: November 2016

An Author Archive by Month (21 entries)

In Praise of Ineffective Politicians

Liberty
David Henderson
Twitter today is all heated up with justifiable upset about Donald Trump's latest anti-liberty proposal: a prison sentence and possibly loss of citizenship for someone who burns a flag. Other tweeters have pointed out that the prison sentence part of... MORE

Fidel Castro's Monstrous Behavior

Regulation
David Henderson
I learned about flash mobs early on in my life. One of my aunts was particularly religious. She and I end up going to church one Sunday morning probably in late 1961 or early 1962. While the mass is taking... MORE

My Writing Tutor: Dan Seligman

Business Economics
David Henderson
Last month, I told the first part of the story about Dan Seligman, the Fortune editor who taught me so much about writing. I promised to tell the second part. Here it is. To recall, Dan had asked me to... MORE

Giving Thanks

moral reasoning
David Henderson
On previous Thanksgivings, I've written blog posts expressing my thankfulness for a relatively high degree of freedom in my adopted country and for various people in my life who have helped me along the way. The posts are here, here,... MORE

Mercantilism Dies Hard

International Trade
David Henderson
One of the things that economists, whatever their other views, are most sure of is that free trade is a good idea. The normal way we argue for trade, either between individuals and companies in a country or between individuals... MORE

Noah Smith on the Islamic Civil War

Foreign Policy
David Henderson
Noah Smith has a beautifully numerate discussion of wars being fought by radical Muslims. He does it in the context of analyzing Trump advisor Steve Bannon, and that analysis is not bad. But what really struck me was his response... MORE

Larry Summers's Perspective

moral reasoning
David Henderson
In a post yesterday, Tyler Cowen writes, "Here is perspective from Larry Summers." Not here is a perspective from Larry Summers. Not here is Larry Summers's perspective. The implication is that Larry Summers has a good perspective. The issue? Trump.... MORE

Repealing Regulations

Regulation
David Henderson
Might the administrative state have expired quietly, six months ago? Arguably it did, if what we mean by the administrative state is the array of regulatory agencies, not only executing the law, but also creating binding new law without legislative... MORE

Eichengreen on Market Failure

Regulation
David Henderson
If you took Economics 101, you can probably dredge up cases of market failure in which government intervention is justified. For example, governments tax the emission of pollutants (or regulate them directly) because the cost of pollution would otherwise be... MORE

Trump on Obamacare

Economics of Health Care
David Henderson
Many people say they are humbled when others bestow honors on them. I've never understood that. When I get honors, I feel proud, if I think I deserve them. I get humbled when I make mistakes. I've consistently made one... MORE

The Case for Non-Compete Agreements

Labor Market
David Henderson
I sometimes learn from people's comments. So I want to hat tip a recent commenter on one of my four pieces on the Council of Economic Advisers' report on alleged monopsony in the labor market. In Part II, I said... MORE

India's Assault on Money

Money
David Henderson
In our 5-minute discussion in class on Wednesday, a student asked me about the implications of the Indian government's crackdown on people holding high-denomination currency. I didn't know much about it and gave a so-so answer. Now I know more.... MORE

Wisdom and Courage from Arnold Kling

Behavioral Economics and Rationality
David Henderson
Former co-blogger Arnold Kling writes: I am not going to be bullied into supporting policies that I believe are bad just because they are popular. If you want to talk me out of my position against a policy, tell me... MORE

One argument for a minimum wage is that there sometimes isn't enough competition among employers. In our nation's history, there have been company towns where one employer truly dominated the local economy. As a result, that employer could affect the... MORE

Robert P. Murphy on Pitfalls in GDP Accounting

Macroeconomics
David Henderson
People often use the GDP formula to erroneously derive conclusions about economic causation. For example, in the wake of the financial crisis of 2008, some proponents of "stimulus" spending argued that a boost in government spending on infrastructure would obviously... MORE

Why the Electoral College Will Not be Abolished

Public Choice Theory
David Henderson
Steve Chapman, a columnist at the Chicago Tribune, has an excellent short article on the electoral college this morning. It explains why the candidates spend a disproportionate amount of time in swing states. Probably most readers knew why, but he... MORE

This is the last post in a series of four (here, here, and here) in response to the Council of Economic Advisers' recent report on monopsony in the labor market. At the end, I'll sum up. (In yesterday's Wall Street... MORE

Are Anti-Dumping Tariffs Intelligent?

International Trade
David Henderson
One area in which I had always thought that Paul Krugman and I pretty much agreed close to 100% was his own area: international trade. His "Ricardo's Difficult Idea" is one of the best things ever written on trade and... MORE

Hooray For Our Side

Politics and Economics
David Henderson
What a field-day for the heat A thousand people in the street Singing songs and carrying signs Mostly say, hooray for our side --Buffalo Springfield, "For What It's Worth" Now that I've had more time to think about the economists'... MORE

Economists Against Trump

International Trade
David Henderson
370 economists have signed a statement opposing Donald Trump for president. It's quite good with one exception that I'll get to. If I had known that this would come along, I would have (a) tried to be one of the... MORE

Semi-Private Production of National Defense

Public Goods
David Henderson
I was planning to post yet one more item on the Obama Council of Economic Advisers' report on monopsony. I will do so later. Now to a new issue. The main issue that has kept me from becoming an anarchist... MORE

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