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David R. Henderson

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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

David R. Henderson's Articles

The Free Market Wins against Discrimination

Think about how little you know about the politics, race, gender, or even nationality of the person who makes the bread you buy. You don't know because you don't care. What you care about is getting the best deal on bread.

- October 18, 2016

The New York Times Overpaid

The New York Times hired multiple people to tell them something that everyone with basic economic knowledge – or access to Google – knows.

- October 04, 2016

McDonald's Turned My Son's Life Around

Do we really want to put such jobs and such character building at risk by raising the minimum wage?

- September 26, 2016

For the Separation of Stadium and State

There's a simple solution here: actually separate sports and state. That is, quit forcing taxpayers to pay for sports.

- September 19, 2016

Let Foreign Airlines Fly Between US Cities

The US airline industry has become an entrenched oligopoly. The solution is to reduce regulation and allow more foreign competition.

- September 16, 2016

Even Left-Leaning Econ Writers Are Impoverished by Obamacare

I would love to write that pro-Obamacare piece, but...

- August 24, 2016

How Paid Parental Leave Will Backfire on Young People

Employers are not sitting targets: when one form of compensation is forced up, others will be reduced.

- August 04, 2016

Uber Is Even Better When You're Traveling

Using taxis in a foreign country can be baffling, expensive, and uncomfortable; Uber solved six huge problems that no regulation could touch.

- June 05, 2016

Paul Krugman, Now Mistaking Less for More

Rules that limit what workers may bargain for, he says, somehow increase workers' bargaining power.

- May 24, 2016

Is Drug Trafficking "Inherently Violent"?

A prosecutor argues against sentencing reform because, allegedly, there's no such thing as a "non-violent" federal drug offender.

- May 17, 2016

Uber for Banks Is Here

The app-based system has no depositors, letting it do things banks can't — and not do things banks must.

- May 02, 2016

Luck Doesn't Justify Higher Taxes

Luck and hard work both play a role in success; what does that tell us about fair government policies?

- April 15, 2016

California's $15 Minimum Wage Is a Terrible, Unethical "Experiment"

The law will have devastating consequences, particularly for immigrants, minorities, and the less educated.

- April 01, 2016

Steven Pinker on Intelligence, Liberalism, and Economic Literacy

"The historical result of economic illiteracy has often been ethnic and class violence."

- March 28, 2016

Trade with China Is Great for Low-Income Americans

Trade with China has effectively reduced inequality by lowering the prices poor people pay for goods relative to the prices the rich pay.

- March 08, 2016

How the Minimum Wage Can Kill Job Growth without Eliminating Current Jobs

Here's why it can take time to feel the job-destroying effect of minimum wage hikes.

- February 29, 2016

The Free Market Killed the Blacklist and Freed Hollywood's Communists

Profit-seeking businesses defied the blacklist to hire Communist writers like Trumbo.

- February 16, 2016

Why Should Drugs Cost So Much?

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

- January 20, 2016

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.

- January 06, 2016

"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.

- November 30, 2015

Most of Econ 101 Is Right

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

- November 27, 2015

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. 

- November 16, 2015

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.

- October 14, 2015

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.

- December 18, 2012

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