David R. Henderson
David R. Henderson giving a talk at Rockford College in February 2011
David Richard Henderson
November 21, 1950
Boissevain, Manitoba, Canada
|Institution||Naval Postgraduate School|
|Alma mater|| University of California, Los Angeles (MA) (PhD)|
University of Winnipeg (B.Sc)
|Influences||Milton Friedman, Adam Smith, Ayn Rand|
David R. Henderson (born November 21, 1950) is a Canadian-born American economist and author who moved to the United States in 1972 and became a U.S. citizen in 1986, serving on President Ronald Reagan's Council of Economic Advisers from 1982 to 1984.A research fellow at Stanford University's Hoover Institution since 1990, he took a teaching position with the Naval Postgraduate School in Monterey, California in 1984, and is now a full professor of economics.
Ronald Wilson Reagan was an American politician and film actor who served as the 40th president of the United States from 1981 to 1989. Prior to his presidency, he was a Hollywood actor and union leader before serving as the 33rd governor of California from 1967 to 1975.
The Hoover Institution on War, Revolution, and Peace is an American public policy think tank and research institution located at Stanford University in California. It began as a library founded in 1919 by Republican and Stanford alumnus Herbert Hoover, before he became President of the United States. The library, known as the Hoover Institution Library and Archives, houses multiple archives related to Hoover, World War I, World War II, and other world history. According to the 2016 Global Go To Think Tank Index Report, Hoover is No. 18 in the "Top Think Tanks in the United States".
The Naval Postgraduate School (NPS) is a public graduate school operated by the United States Navy and located in Monterey, California. It grants master’s degrees, doctoral degrees, and certificates. Established in 1909, the school also offers research fellowship opportunities at the postdoctoral level through the National Academies’ National Research Council research associateship program.
Henderson earned his B.Sc (1970) from the University of Winnipeg, followed by his M.A. and Ph.D.(1976) in Economics from UCLA.Henderson's areas of scholarly interest include microeconomics, cost–benefit analysis, health economics, energy economics, and the economics of taxation.
A friend of economist Milton Friedman since they first met at the University of Chicago in 1970, Henderson took his advice to, "make politics an avocation, not a vocation," pursuing a career course that led to earning a Ph.D. in economics.Henderson first taught at the University of Rochester, Graduate School of Management, from 1975 to 1979. Next, he took a position at San Francisco-based Cato Institute from 1979-1980, and then a short stint at Santa Clara University from 1980 to 1981. In 1982 Henderson joined President Reagan's administration as a senior economist with the Council of Economic Advisers, serving as senior economist for health policy from 1982 to 1984 and then senior economist for energy policy from 1983 to 1984. Henderson is one of the main economists blogging on socioeconomic issues at EconLog, along with Bryan Caplan, which The Wall Street Journal has designated as one of the top 25 economics blogs in the country.
Milton Friedman was an American economist who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy. With George Stigler and others, Friedman was among the intellectual leaders of the second generation of Chicago price theory, a methodological movement at the University of Chicago's Department of Economics, Law School and Graduate School of Business from the 1940s onward. Several students and young professors who were recruited or mentored by Friedman at Chicago went on to become leading economists, including Gary Becker, Robert Fogel, Thomas Sowell and Robert Lucas Jr.
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded as the Charles Koch Foundation in 1974 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of the conglomerate Koch Industries. In July 1976, the name was changed to the Cato Institute. Cato was established to have a focus on public advocacy, media exposure and societal influence. According to the 2017 Global Go To Think Tank Index Report, Cato is number 15 in the "Top Think Tanks Worldwide" and number 10 in the "Top Think Tanks in the United States".
Bryan Douglas Caplan is an American economist and author. Caplan is a professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and frequent contributor to Freakonomics as well as publishing his own blog, EconLog. He is a self-described economic libertarian. The bulk of Caplan's academic work is in behavioral economics and public economics, especially public choice theory.
Henderson has written hundreds of articles for well-known publications as The New York Times , The Wall Street Journal, Forbes , Los Angeles Times , Chicago Tribune , Barron's , Fortune , The Freeman , The Public Interest , and The Christian Science Monitor . Henderson was the economics editor for the National Review the "Wartime Economist" for Antiwar.com and a contributing editor for Reason magazineHe is a Senior Fellow with the Vancouver-based Fraser Institute. He has appeared on C-SPAN , The O'Reilly Factor , CNN , MSNBC, RT, the Jim Lehrer Newshour and the John Stossel TV show, along with numerous radio shows and interviews with the BBC , KQED-FM , NPR and local radio affiliates. Henderson has travelled to Washington D.C. to testify before the House Ways and Means Committee, the Senate Armed Services Committee, and the Senate Committee on Labor and Human Resources. A number of his research articles have appeared in scholarly journals, including Journal of Monetary Economics , The Independent Review , Cato Journal , Regulation , Journal of Policy Analysis and Management , The Energy Journal , and Contemporary Economic Policy . A number of his books have been translated into Japanese, Korean, Arabic and Russian.
The New York Times is an American newspaper based in New York City with worldwide influence and readership. Founded in 1851, the paper has won 127 Pulitzer Prizes, more than any other newspaper. The Times is ranked 17th in the world by circulation and 2nd in the U.S.
Forbes is an American business magazine. Published bi-weekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, politics, and law. Its headquarters is located in Jersey City, New Jersey. Primary competitors in the national business magazine category include Fortune and Bloomberg Businessweek. The magazine is well known for its lists and rankings, including of the richest Americans, of the world's top companies, and The World's Billionaires. The motto of Forbes magazine is "The Capitalist Tool". Its chair and editor-in-chief is Steve Forbes, and its CEO is Mike Federle. In 2014, it was sold to a Hong Kong-based investment group, Integrated Whale Media Investments.
The Los Angeles Times is a daily newspaper which has been published in Los Angeles, California, since 1881. It has the fourth-largest circulation among United States newspapers, and is the largest U.S. newspaper not headquartered on the East Coast. The paper is known for its coverage of issues particularly salient to the U.S. West Coast, such as immigration trends and natural disasters. It has won more than 40 Pulitzer Prizes for its coverage of these and other issues. As of June 18, 2018, ownership of the paper is controlled by Patrick Soon-Shiong, and the executive editor is Norman Pearlstine.
On February 3, 2014, Henderson was invited by Naval War College to speak at a special morning session at the Hoover Institution, where he chose the topic of making the case for a non-interventionist foreign policy as an economist.
The Naval War College is the staff college and "Home of Thought" for the United States Navy at Naval Station Newport in Newport, Rhode Island. The NWC educates and develops leaders, supports defining the future Navy and associated roles and missions, supports combat readiness, and strengthens global maritime partnerships.
James Joseph Heckman, born in 1944, is a Nobel Prize winning American economist who is currently at the University of Chicago, where he is The Henry Schultz Distinguished Service Professor in Economics and the College; Professor at the Harris Graduate School of Public Policy Studies; Director of the Center for the Economics of Human Development (CEHD); and Co-Director of Human Capital and Economic Opportunity (HCEO) Global Working Group. He is also Professor of Law at the Law School, a senior research fellow at the American Bar Foundation, and a research associate at the National Bureau of Economic Research. In 2000, Heckman shared the Nobel Memorial Prize in Economic Sciences with Daniel McFadden, for his pioneering work in econometrics and microeconomics. As of February 2019, he is the next most influential economist in the world.
Vernon Lomax Smith is an American economist and professor of business economics and law at Chapman University. He was formerly a professor of economics and law at George Mason University, and a board member of the Mercatus Center. He was also a founding board member of the Center for Growth and Opportunity at Utah State University.
Douglas "Doug" Bandow is an American political writer, currently working as a Senior Fellow at the Cato Institute. In 2005, Bandow was forced to resign from the Cato Institute after it was revealed that for over ten years, he accepted payments in exchange for publishing articles favorable to various clients. Bandow referred to these activities as "a lapse of judgment" and said that he accepted payments for "between 12 and 24 articles", with each article costing approximately $2,000. Bandow was subsequently allowed to return to Cato.
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Russell David "Russ" Roberts is an economist and a research fellow at Stanford University's Hoover Institution. He is well known for communicating economic ideas in understandable terms as host of the EconTalk podcast.
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Scott B. Sumner is an American economist. He is the Director of the Program on Monetary Policy at the Mercatus Center at George Mason University, a Research Fellow at the Independent Institute, and professor who teaches at Bentley University in Waltham, Massachusetts. His economics blog, The Money Illusion, popularized the idea of nominal GDP targeting, which says that the Fed should target nominal GDP—i.e., real GDP growth plus the rate of inflation—to better "induce the correct level of business investment". In May 2012, Chicago Fed President Charles L. Evans became the first sitting member of the Federal Open Market Committee (FOMC) to endorse the idea.
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