David R. Henderson

davidrhenderson1950@gmail.com

David Henderson is a research fellow with the Hoover Institution and an economics professor at the Graduate School of Business and Public Policy, Naval Postgraduate School, Monterey, California. He is editor of The Concise Encyclopedia of Economics (Liberty Fund) and blogs at econlib.org.

Related Freeman Articles

The Pursuit of Happiness

Life Without a Microwave

DECEMBER 18, 2012 by DAVID R. HENDERSON, DAVID HENDERSON

If you remember life before microwave ovens, you already understand consumer surplus, something economic freedom delivers so well that even Marx was impressed.

Book Review

The Joy of Freedom: An Economist’s Odyssey

An Excellent Advancement of the Case for Freedom

JUNE 30, 2010 by GEORGE C. LEEF

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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