EconLog small logo

David Henderson: June 2017

An Author Archive by Month (23 entries)

Ode to iPhone

Growth: Causal Factors
David Henderson
My former student, friend, and frequent co-author, Charley Hooper wrote the following on Facebook. He titled it "Ode to iPhone." I'm reproducing it with his permission. Now that the iPhone is turning 10, I want to tell a story of... MORE

Verizon's Unaccountability

Business Economics
David Henderson
As regular readers of this blog probably know, I am a strong believer in the importance of commercial accountability. One thing that makes markets work so well is that firms are accountable for their errors. They have a strong incentive... MORE

Nancy MacLean's Distortion of James Buchanan's Statement

Books: Reviews and Suggested Readings
David Henderson
My Econlib colleague Russ Roberts has pointed to a passage of Nancy MacLean's recent book, Democracy in Chains: A Deep History of the Radical Right's Stealth Plan for America, in which Professor MacLean left key words out of a quote... MORE

Bret Stephens's Attack on Ron Paul

Foreign Policy
David Henderson
As I noted last week, I was at an event at the Commonwealth Club of San Francisco to discuss a forthcoming documentary called "Is America in Retreat?" (The video should be available in a few weeks.) The inspiration for documentary... MORE

Are the Savings from Cutting Medicaid Illusory?

Economics of Health Care
David Henderson
Answer: It depends. Chicago Tribune columnist Steve Chapman, and also my long-time friend, reminds us of one of the most important principles in economics: There's no such thing as a free lunch. Indeed, this principle is so important that I've... MORE

James Buchanan's Work

Books: Reviews and Suggested Readings
David Henderson
There's a lot of buzz on the Internet lately (see here for my recent commentary on Sam Tanenhaus's review) about the recent book by Nancy MacLean, Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America.... MORE

Both Sides Gain from Exchange

International Trade
David Henderson
My friend and blogging competitor Don Boudreaux writes: You say that China's agreement to buy more beef from America is "a big win for us." Well, these beef exports from the U.S. are mostly a win for the Chinese people.... MORE

Is America in Retreat?

Upcoming Events
David Henderson
This evening Johan Norberg, who, with Free to Choose Media, put together a one-hour video on foreign policy, will be presenting a segment of the video at the Commonwealth Club. There will be a panel discussion after. I will... MORE

Tanenhaus on James Buchanan

Books: Reviews and Suggested Readings
David Henderson
I have just read the first serious book review I've seen of historian Nancy MacLean's hatchet job book on James Buchanan, Democracy in Chains: The Deep History of the Radical Right's Stealth Plan for America. It's by Sam Tanenhaus.... MORE

A Father's Day Tribute

Law and Economics
David Henderson
This tribute is to one of the two people without whom I wouldn't be a father: my daughter. (The other, of course, is my wife.) A little over a year ago, on Mother's Day, my wife and I drove to... MORE

Milton Friedman: Crusader for Liberty

Books: Reviews and Suggested Readings
David Henderson
In Milton Friedman on Freedom, editors Robert Leeson and Charles G. Palm, both of the Hoover Institution, have put together many of Friedman's most important articles and chapters that make his case for freedom. (Disclosure: I was a friend... MORE

Henderson Review of Schuck

Books: Reviews and Suggested Readings
David Henderson
Three years ago in this magazine, I praised Peter Schuck's Why Government Fails So Often, calling it one of the most important books of 2014. Based on that book, I had high expectations for his latest, One Nation Undecided:... MORE

Larry White on Monetary Economists and the Gold Standard

Central Planning vs. Local Knowledge
David Henderson
Why isn't the gold standard more popular with current-day economists? Milton Friedman once hypothesized that monetary economists are loath to criticize central banks because central banks are by far their largest employer. Providing some evidence for the hypothesis, I... MORE

Forcibly Paid Parental Leave

Labor Market
David Henderson
When is a policy not a policy? When it's the policy you disagree with. The AEI-Brookings Working Group on Paid Family Leave has published its report, "Paid Family and Medical Leave: An Issue Whose Time Has Come." HT2 Timothy Taylor.... MORE

How Much Pee in Your Pool?

Incentives
David Henderson
The scientists calculated that one 220,000-gallon, commercial-size swimming pool contained almost 20 gallons of urine. In a residential pool (20-by-40-foot, five-feet deep), that would translate to about two gallons of pee. It's only about one-hundredth of a percent, but any... MORE

Preach What You Practice

Competition
David Henderson
Using a borrowed credit card, the blonde Caroline Biden set up an unauthorized customer account at Bigelow Pharmacy on Sixth Avenue in Greenwich Village, and racked up the six-figure bill over the course of a year, according to a... MORE

A Small but Significant Step Away from Peronism

Public Choice Theory
David Henderson
Jeff Sessions's attack on corruption. I posted last December about Trump's first picks for his cabinet and stated that one of his worst picks, in what was a surprisingly good domestic lineup, was his Attorney General Jeff Sessions. But... MORE

Sunstein Backs Down on Libertarian Marriage

Regulation
David Henderson
In the most recent Econ Journal Watch, Cass Sunstein states that he has changed his mind about one of the most libertarian proposals he and co-author Richard Thaler make in their book Nudge: Improving Decisions About Health, Wealth, and Happiness.... MORE

The Nightmare in Your Future

Social Security
David Henderson
The title of this post is the subtitle of a talk I gave in about 2004 at Santa Clara University. The whole title was "Social Security: The Nightmare in Your Future." I had two goals: (1) to get students paying... MORE

"Now there's [sic] many, many options that people are replacing chains with," Victor Fernandez, the executive director of insights at the restaurant-industry tracker TDn2K, recently told Business Insider. Many of these options involve cooking at home. Grocery chains are increasingly... MORE

Trade Deficit or Stuff Surplus?

International Trade
David Henderson
Notice that if imports exceed exports, as they have done for decades in the United States, then, on net, more dollars leave the United States by Americans' purchases of imports than come in by Americans' sales of exports. Such... MORE

Cents and Sensibility

Energy, Environment, Resources
David Henderson
Princeton University Press has recently published Cents and Sensibility: What Economics Can Learn from the Humanities. Chapter One is on line here. The book is by literary critic Gary Saul Morson and economist Morton Schapiro. Their basic message, as the... MORE

Cook vs. Cass on Global Warming

Energy, Environment, Resources
David Henderson
I wouldn't have even noticed the National Review debate between Oren Cass and John Cook, if a creepily worded article title at Vox hadn't caught my attention. The title: "Scientists are testing a 'vaccine' against climate change denial." The author... MORE

Return to top