David R. Henderson

David R. Henderson is a research fellow with the Hoover Institution and an emeritus professor of economics in the Graduate School of Business and Public Policy at the Naval Postgraduate School. He is author of The Joy of Freedom: An Economist’s Odyssey and co-author, with Charles L. Hooper, of Making Great Decisions in Business and Life(Chicago Park Press). His latest book is The Concise Encyclopedia of Economics (Liberty Fund, 2008). He has appeared on The O’Reilly Factor, the Jim Lehrer Newshour, CNN, MSNBC, RT, Fox Business Channel, and C-SPAN. He has had over 100 articles published in Fortune, the Wall Street Journal, Red Herring, Barron’s, National Review, Reason, the Los Angeles Times, USA Today, The Hill, and the Christian Science Monitor. He has also testified before the House Ways and Means Committee, the Senate Armed Services Committee, and the Senate Committee on Labor and Human Resources. He blogs at http://econlog.econlib.org

An Economist’s Case for a Non-Interventionist Foreign Policy

The Naval War College, based in Newport, Rhode Island, runs a special 11-month course for foreign Navy officers. On February 3, the Naval War College held a special morning session at the Hoover Institution, where I am a research fellow. I was invited to speak. The best invites, in my experience, are those for which … Continue reading “An Economist’s Case for a Non-Interventionist Foreign Policy”

Rand’s Stand

Last week, something exciting happened in U.S. politics. It was exciting in itself, and even if nothing else had come of it, it still would have been exciting. But what made it even more exciting is what followed – the reaction to this event that various people at various parts of the political spectrum had. … Continue reading “Rand’s Stand”

The Left’s Antiwar Movement in Monterey: Down but Not Out

There’s no doubt that antiwar activism among the left has declined substantially since Barack Obama became president. That has led many people to claim that the apparent antiwar views of many on the left were not so much antiwar as anti-Bush. I’m sure that there’s something to that, but there’s also a more nuanced explanation. … Continue reading “The Left’s Antiwar Movement in Monterey: Down but Not Out”

Is Leon Panetta a Saint—or a War Criminal?

David R. Henderson’s Introduction: The first part of this article’s title is absurd, right? How could the head of the CIA, a man who sends drones to kill alleged terrorists and ends up killing not only terrorists, but also many innocent people, be a saint? Well, you probably don’t live in the Monterey area. I … Continue reading “Is Leon Panetta a Saint—or a War Criminal?”

Adm. Mullen’s Spinning vs. Prof. Hayek’s Insight

Introduction In 1945, the flagship journal of the American Economic Review published one of the ten most important economics articles of the 20th century. Entitled “The Use of Knowledge in Society,” it was written by an Austrian economist named Friedrich Hayek. I deal with this article in every economics course I teach. (For the notes … Continue reading “Adm. Mullen’s Spinning vs. Prof. Hayek’s Insight”

Trudeau’s War Measures Act: A Reminiscence

On Friday, Oct. 16, 1970, I woke up at about 7:00 a.m. and turned on the radio. At the time, I was living in Winnipeg, Manitoba. The news I heard shocked me. In the middle of the night, Canada’s Prime Minister Pierre Trudeau had invoked the War Measures Act. What was that? I had never … Continue reading “Trudeau’s War Measures Act: A Reminiscence”

An Afternoon With Paul Chappell

“How can we humanize people in the Middle East and not humanize people in our own country?” That was a wise question in the midst of a speech full of wisdom from former Army captain and West Point graduate Paul Chappell. He gave the speech at a Sept. 5 event sponsored by the Peace Coalition … Continue reading “An Afternoon With Paul Chappell”

P.J. O’Rourke’s Progress

In the 1990s, I was a fan of economic humorist P.J. O’Rourke. One of his best books is Eat the Rich, which I described in a Fortune book review as an “Adam Smith’s Wealth of Nations with a laugh on every page.” And if you think O’Rourke’s understanding of the actual Wealth of Nations is … Continue reading “P.J. O’Rourke’s Progress”