EconLog small logo

David Henderson: December 2016

An Author Archive by Month (27 entries)

Scott Alexander Calls Out the New York Times

Media Watch
David Henderson
Normally, Scott Alexander writes very long posts. This one is very short and well worth reading. His bottom line: The correct way to report on this graph is "About twice as many economists believe a voucher system would improve education... MORE

Alan Blinder's Bad Article

Price Controls
David Henderson
Princeton economist Alan Blinder, who has often written very good work--I'm a fan, with qualifications, of his book Hard Heads, Soft Hearts and he has two excellent entries, here and here, in The Concise Encyclopedia of Economics--has written a bad... MORE

Chemo For Cats

Economics of Health Care
David Henderson
Earlier this month, we found out that our favorite cat, Joey, has small cell lymphoma. That's the bad news. The good news is that they now have chemotherapy for cats. We inject a pill 3 times a week. All... MORE

Is Tyler Cowen's Point Well Known?

Wages and Salaries
David Henderson
Towards the end of his latest Bloomberg column, Tyler Cowen writes: It's well known in economics that when prices and opportunities change, it is the elastic factors of production (those that can change their plans readily) that gain the most,... MORE

Farewell, Thomas Sowell

Growth: Consequences
David Henderson
At age 86, Tom Sowell has decided to retire as a regular columnist. This is his final column. A few items in it caught my attention. Here is one: During a stay in Yosemite National Park last May, taking photos... MORE

Bruce Bueno de Mesquita on War and Presidential Success

Public Choice Theory
David Henderson
Over at EconTalk, Russ Roberts has an interesting interview with political scientist Bruce Bueno de Mesquita on the incentives that U.S. presidents have had to get their country into war. It tracks a lot of the same territory that Zachary... MORE

Charitable Arbitrage

Behavioral Economics and Rationality
David Henderson
First, Merry Christmas, Happy Hanukkah, and Happy Holidays to all. Now to my post. Robert Murphy recently stated that he carries Clif Bars with him so that when he sees someone begging for money, he has something nourishing to give... MORE

The Economics of Christmas Trees

Cost-benefit Analysis
David Henderson
Tim Taylor, the Conversable Economist, has an interesting post on Christmas trees, an update of one he ran a few years ago. He carefully analyzes the environmental effects of buying a new Christmas tree every year versus buying an... MORE

The Confusion about Inequality and Poverty

Growth: Causal Factors
David Henderson
In an article titled "Why People Vote Against Their Own Interests," Forbes, November 8, Bruce Lee, an Associate Professor of International Health at the Johns Hopkins Bloomberg School of Public Health, writes: Voting seems pretty straightforward, right? Choose what is... MORE

Finally Some Good News from Paul Krugman

Labor Market
David Henderson
Both his [Trump's] pick as budget director and his choice to head Health and Human Services want to dismantle the Affordable Care Act and privatize Medicare. His choice as labor secretary is a fast-food tycoon who has been a vociferous... MORE

Peter Robinson Interviews Kellyanne Conway

International Trade
David Henderson
One of my biggest surprises of the 2016 political season was the election of Donald Trump and, relatedly, his winning in Wisconsin, Michigan, and Pennsylvania. Now my Hoover colleague Peter Robinson, host of "Uncommon Knowledge," has interviewed one of the... MORE

The Benefits of International Trade

International Trade
David Henderson
This morning I made blueberry pancakes, a special treat, using fresh blueberries. Fresh blueberries. In December. On the shortest, and one of the coldest, days of the year. How could that be? Here's how: They're from Peru. When I... MORE

Significant Links

Growth: Consequences
David Henderson
Here are three links to pieces I've read and learned from: 1. William Easterly on stereotypes. Excerpt: Three laws guide this bogus analysis of groups. First, define the group by the outcome you are trying to explain. Second, invoke a... MORE

Henderson on Oge's CAFE

Regulation
David Henderson
In the next few years, companies that sell cars and light trucks in the United States will have to comply with increasingly stringent federal regulations on fuel economy. The government's regulations call for a required average of 54.5 miles per... MORE

Henderson on Latest Love Canal Book

Books: Reviews and Suggested Readings
David Henderson
But the real story of Love Canal isn't the "corporate guys: bad; government guys and community activists: good" tale that many people believe. In its February 1981 issue, Reason magazine published an exhaustive, fact-filled, 13,000-word article on Love Canal written... MORE

Hooper and Henderson on Patrick Frank

Energy, Environment, Resources
David Henderson
Patrick Frank is a scientist at the Stanford Synchrotron radiation Lightsource (SSRL), part of the SLAC (formerly Stanford Linear Accelerator Center) national Accelerator Laboratory at Stanford University. The SSLR produces extremely bright x-rays as a way for researchers to study... MORE

Free Trade for the Tillerson

International Trade
David Henderson
With apologies to Cat Stevens, aka Yusuf Islam. Rex Tillerson, the former Exxon CEO whom Donald Trump has picked for Secretary of State, has made a lot of comments and taken a lot of positions in favor of free trade.... MORE

Ralph Raico, RIP

Obituaries
David Henderson
David Gordon writes that Ralph Raico has died. Writes David: His intellectual brilliance was evident from an early age, and while still in high school, he attended Ludwig von Mises's seminar at New York University. There he met Murray Rothbard,... MORE

Henderson on Scott Pruitt

Regulation
David Henderson
Yesterday, USA Today's editorial page called, in response to yesterday's post, to ask me to write an "opposing view" on Scott Pruitt. They gave me the tightest deadline I've ever faced: 2.75 hours to write a 340-word piece. The editor... MORE

Trump's Picks versus Reagan's

Politics and Economics
David Henderson
As someone who has, to put it mildly, not been a fan of Donald Trump (see here and here, for example), I've been pleasantly surprised by many of his picks for cabinet positions. Looking at them, I conclude, at least... MORE

How to Get Lower Drug Prices

Economics of Health Care
David Henderson
Why are pharmaceutical prices so high while the prices of so many other items we buy are low and even falling? The difference is competition. Drug companies typically have a monopoly on the drugs they sell, and monopolists charge high... MORE

How I Got Culture

Economics and Culture
David Henderson
Sarah Skwire recently wrote an article, "The Awesome Social Value of the Chiquita Banana Song," in which she actually made the Chiquita banana song fascinating. An excerpt sums up why she writes about such things: I spend a lot of... MORE

Henderson on Extending Hayek's Insight

Central Planning vs. Local Knowledge
David Henderson
Hayek's conclusion about the importance of local knowledge can be extended far beyond markets into many parts of our lives. In this essay, I summarize Hayek's argument and then apply it to some good things that happened on September 11,... MORE

Speech Tomorrow at San Jose State University

Upcoming Events
David Henderson
Tomorrow, Monday, I will be speaking at San Jose State University, as part of SJSU's David S. Saurman Provocative Lecture Series. Title of talk: Popular Misconceptions about Income Inequality Time: 5:15 p.m. Place: New Student Union Theater My talk will... MORE

Reflections on my Latest RT Appearance

Media Watch
David Henderson
As I noted in yesterday's post, there's always an issue of the bias of the news network on which one appears, and one is right to be skeptical. The fact that RT is funded by the Russian government ought to... MORE

I was on RT, the Russian-government-funded news network, earlier this week, talking about various issues. My segment begins around the 15:00 point and goes to about 22:30. Some friends have questioned the wisdom of going on a network funded... MORE

Good News on Repealing Obamacare: The Woodwork Effect

Economics of Health Care
David Henderson
Many people worry that if Obamacare were replaced in one fell swoop, almost all the people who enrolled in Medicaid due to the law would lose their health insurance. This worry is understandable. Nevertheless, it turns out to be unjustified.... MORE

Return to top