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David Henderson: November 2017

An Author Archive by Month (12 entries)

Caplan on Communism

David Henderson
Before the Russian Revolution of 1917, "socialism" and "communism" were synonyms. Both referred to economic systems in which the government owns the means of production. The two terms diverged in meaning largely as a result of the political theory... MORE

About That Loss of Health Insurance

Economics of Health Care
David Henderson
Someone tells you that you have to buy something, and levies a penalty if you don't. So you buy it. Then someone else countermands the first person's order. You no longer have to buy it. So, assuming it's not because... MORE

Scott Alexander on David Friedman's New Book

Economics of Crime
David Henderson
Scott Alexander takes us through a whirlwind tour of David Friedman's book, hopefully soon to be published but available in draft form here, titled Legal Systems Very Different From Ours. I often find myself impatient with Alexander's meandering style but... MORE

Without Government Who Would Hassle People Who Help the Poor?

Central Planning vs. Local Knowledge
David Henderson
A Malibu church that has helped the homeless for years has been asked to stop feeding people who are down on their luck. No, this is not the Onion. This is from a news story about the city government... MORE

Saturday Afternoon Video: Henderson on Thaler on RT

Behavioral Economics and Rationality
David Henderson
My interview with RT about Richard Thaler, 401(k)s, and humans and icons is posted here. It starts at about the 6:00 point. I wrote about Thaler's Nobel earlier here. Make sure you watch it to the end of my segment.... MORE

Cowen on the Republican Tax Cut Bill

David Henderson
Tyler Cowen has written a mainly excellent piece on the Republican tax cut bill. I want to add to part of his analysis and challenge him on one of his numbers. But first some highlights. Tyler leads with this paragraph:... MORE

Other People's Money

Finance: stocks, options, etc.
David Henderson
I was talking to a friend the other day about good movies that drive home basic economics. One of his favorite was Other People's Money, starring Danny Devito as Lawrence Garfield, Gregory Peck as Andrew Jorgenson, Penelope Ann Miller as... MORE

Henderson at Adrian College in Michigan

Upcoming Events
David Henderson
I will be giving my speech "How Economists Helped End the Draft" at Adrian College in Adrian, Michigan this Thursday at 6:00 p.m. I couldn't find anything about it at Adrian College's web site, but the above poster gives... MORE

Price Gouging is Fine but Humans are Better

Price Controls
David Henderson
When we economists argue against laws that prohibit price gouging during emergencies, we point out, correctly, that such laws create shortages, reduce the incentive to conserve, and discourage suppliers from supplying more. This month's Econlib Feature Article author, economist Michael... MORE

Reminiscences of Rand and Buckley

Economic Philosophy
David Henderson
I very much enjoyed Russ Roberts's Econtalk interview with Jennifer Burns, author of Ayn Rand: Goddess of the Market. Some highlights along with, at times, my comments. Burns: And then this realization she'd actually been quite influential in the conservative... MORE

Per Capita Growth

Growth: Consequences
David Henderson
We often hear about the growth rate of real GDP in various countries. But it's important to know, especially when the growth rate is low, what the growth rate of real GDP per capita is. Take Japan, which has had... MORE

Two and a half weeks ago, I posted on Kevin Hassett's speech in which he claimed that a substantial cut in the U.S. corporate tax rate would suck in capital from the rest of the world. The higher amount of... MORE

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