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David R. Henderson

David R. Henderson
David R. Henderson

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.

David R. Henderson's Articles and Posts

Why Should Drugs Cost So Much? Anything Peaceful
Why Should Drugs Cost So Much?

Is the pharmaceutical industry conning us about its R&D?

The Real Problem with FDA Drug Restrictions Anything Peaceful
FDA Regulator Finally Sees the Problem with Drug Restrictions

After losing his wife to a three-year battle with cancer, Dr. Pazdur is fighting to speed up drug approvals.

"Externality" Does Not Mean "Bad Thing" Anything Peaceful
"Externality" Does Not Mean "Bad Thing"

A paper arguing for restricting or prohibiting marijuana use relies on a fundamentally flawed understanding of what an externality is.

Most of Econ 101 Is Right Anything Peaceful
Most of Econ 101 Is Right

Badly designed welfare does reduce work, and minimum wages do reduce teen unemployment — and Noah Smith agrees. 

Paul Krugman and John McCain on Terror, Courage, and Reason Anything Peaceful
Paul Krugman and John McCain on Terror, Reason, and Courage

Terrorism works not through conquest but through scaring us into panicking, overreacting, and changing out behavior. 

Deaton's Paradox Skewers Keynesian Stimulus Anything Peaceful
Deaton's Paradox Skewers Keynesian Stimulus

The new Nobel Prize winner undercut one of Milton Friedman's theories — and simultaneously devastated the case for fiscal stimulus spending.

Life Without a Microwave The Freeman
Life Without a Microwave

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

The Right Amount of Manufacturing The Freeman
The Right Amount of Manufacturing
The Joy of Freedom: An Economist’s Odyssey The Freeman
The Joy of Freedom: An Economist’s Odyssey
Economics in One Lesson: An Appreciation The Freeman
Economics in One Lesson: An Appreciation
The Fortune Encyclopedia of Economics: 141 Top Economists Explain the Theories, Mechanics, and Institutions of Money, Trade, and Markets The Freeman
The Fortune Encyclopedia of Economics: 141 Top Economists Explain the Theories, Mechanics, and Institutions of Money, Trade, and Markets
Capitalism: An Olympic Winner The Freeman
Capitalism: An Olympic Winner

America's apparent failure at the Winter Olympics actually results from one of the country's strengths.

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