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David Henderson: April 2017

An Author Archive by Month (16 entries)

Pope Francis's Distorted Vision

Economic Philosophy
David Henderson
"I cannot fail to speak of the grave risks associated with the invasion of the positions of libertarian individualism at high strata of culture and in school and university education," the Pope said in an message sent to members of... MORE

Keep Your Eye on the Prize

Behavioral Economics and Rationality
David Henderson
In a comment on a recent blog post I wrote on United Airlines, The Original CC highlighted one of my sentences and wrote: You seem to be the master of deescalation. Can you explain this interaction and what you... MORE

Reply to Adam Ozimek

Economic Philosophy
David Henderson
Adam Ozimek has written an article on Forbes.com titled "Libertarianism Needs To Become More Realistic." HT to Tyler Cowen. Although authors rarely get to choose their articles' titles, the title does seem consistent with his message. Ozimek is friendly... MORE

Score One for United Airlines

Economics and Culture
David Henderson
With all the negative publicity United Airlines has had lately, I want to share a positive. Yesterday morning, I was flying from Washington Dulles to LAX, with a short time for my connecting flight from LAX to Monterey. We... MORE

Crash Pad

Revealed Preference
David Henderson
On a United flight from San Fran to Washington Dulles yesterday, I found the flight attendants particularly professional and courteous. When I went to the back to stretch my legs, I did what I often do: asked a flight attendant... MORE

Two Cheers for Fox News Channel

Competition
David Henderson
Fox News Channel's decision to fire Bill O'Reilly caused me to reread a piece I wrote about Fox back in 2004. Were I to grade Fox, now, independent of O'Reilly, I would give them 1.5 cheers. An excerpt: Back to... MORE

More Highlights from Hayek

Economic Philosophy
David Henderson
As I promised, here are some more highlights from Friedrich Hayek's The Constitution of Liberty. The Role of Accidents: Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are... MORE

Hayek on Case for Freedom

Economic Philosophy
David Henderson
As mentioned in my previous post, I had forgotten how good Hayek's Chapter 2 of The Constitution of Liberty is. A large part of his case for freedom is based on ignorance and uncertainty. He makes the case well, but,... MORE

Friedrich Hayek and Abba Lerner on General Rules

Economic Philosophy
David Henderson
At a conference at the Property and Environment Research Center in Bozeman, Montana 10 days ago, one of the readings we discussed was "The Creative Powers of a Free Civilization," Chapter 2 of Friedrich Hayek's The Constitution of Liberty. I... MORE

It Takes a Government to Do an Auschwitz

Public Choice Theory
David Henderson
The title of this post is a sentence from Matt Ridley's recent speech at the Association for Private Enterprise Education in Maui, Hawaii. His speech was excellent, by the way. The statement is a good reminder that the most destructive... MORE

1470 Economists Say Immigration is Good for Us

Labor Mobility, Immigration, Outsourcing
David Henderson
We view the benefits of immigration as myriad: Immigration brings entrepreneurs who start new businesses that hire American workers. Immigration brings young workers who help o set the large-scale retirement of baby boomers. Immigration brings diverse skill sets that keep... MORE

Henderson and Hooper on Flawed Climate Models

Energy, Environment, Resources
David Henderson
If someone with a hand-held stopwatch tells you that a runner cut his time by 0.00005 seconds, you should be skeptical. If someone with a climate model tells you that a 0.036 Wm-2 CO2 signal can be detected within an... MORE

In the 1936 election, Roosevelt claimed that 85 percent of the newspapers were against him. In the standard work on the subject, historian Graham J. White finds that the actual percentage was much lower and the print press generally... MORE

The Big Problem with the Ultimatum Game

Game Theory
David Henderson
I'm enjoying some reading for a conference I'm going to later this week. Two of the readings are by Matt Ridley. I loved the first; I don't love the second. Here's a quote about the Ultimatum Game from the second... MORE

The Economics of Political Balderdash

Behavioral Economics and Rationality
David Henderson
It would not be a satisfactory economic explanation to simply hypothesize that Trump is an idiot in the sense of being cognitively impaired. As David Friedman reminds us, it is better to assume that Trump--or any other politician--is a... MORE

The title of this post is not a trick question. I think the obvious answer is no. But William P. Shughart II, co-author of a recent policy analysis, says yes. In "Liquidating Federal Assets: A Promising Tool for Ending the... MORE

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