David Richard 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
Ronald Wilson Reagan ( ; February 6, 1911June 5, 2004) was an American politician, actor, and union leader who served as the 40th president of the United States from 1981 to 1989. He also served as the 33rd governor of California from 1967 ...
's Council of Economic Advisers from 1982 to 1984. A research fellow at Stanford University's
Hoover Institution
The Hoover Institution (officially The Hoover Institution on War, Revolution, and Peace; abbreviated as Hoover) is an American public policy think tank and research institution that promotes personal and economic liberty, free enterprise, and ...
[Hoover Institution websit]
Retrieved February 9, 2017 since 1990, he took a teaching position with the
Naval Postgraduate School
The Naval Postgraduate School (NPS) is a public graduate school operated by the United States Navy and located in Monterey, California.
It offers master’s and doctoral degrees in more than 70 fields of study to the U.S. Armed Forces, DOD ci ...
in Monterey, California in 1984, and is now an emeritus professor of economics.
[Naval Postgraduate School websit]
Retrieved February 9, 2017
Education
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.
Career
A friend of economist
Milton Friedman
Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the ...
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
The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of Koch Industries.Koch Indust ...
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 writes about socioeconomic issues at the blog EconLog, along with
Bryan Caplan
Bryan Douglas Caplan (born April 8, 1971) 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 former contributor ...
, which
The Wall Street Journal
''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...
designated as one of the top 25 economics blogs in 2009.
Henderson has written articles appearing in publications such as ''
The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...
'', ''The Wall Street Journal'', ''
Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also re ...
'', ''
Los Angeles Times
The ''Los Angeles Times'' (abbreviated as ''LA Times'') is a daily newspaper that started publishing in Los Angeles in 1881. Based in the LA-adjacent suburb of El Segundo since 2018, it is the sixth-largest newspaper by circulation in the Un ...
'', ''
Chicago Tribune
The ''Chicago Tribune'' is a daily newspaper based in Chicago, Illinois, United States, owned by Tribune Publishing. Founded in 1847, and formerly self-styled as the "World's Greatest Newspaper" (a slogan for which WGN radio and television ar ...
'', ''
Barron's Barron's or Barrons may refer to:
*Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep
** B.E.S. Publishing, the former owner of Barron's
* ''Barr ...
'', ''
Fortune
Fortune may refer to:
General
* Fortuna or Fortune, the Roman goddess of luck
* Luck
* Wealth
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (1931 film) ...
'', ''
The Freeman
''The Freeman'' (formerly published as ''The Freeman: Ideas on Liberty'' or ''Ideas on Liberty'') was an American libertarian magazine, formerly published by the Foundation for Economic Education (FEE). It was founded in 1950 by John Chamberl ...
'', ''
The Public Interest
''The Public Interest'' (1965–2005) was a quarterly public policy journal founded by Daniel Bell and Irving Kristol, members of the loose New York intellectuals group, in 1965.Gillian Peele, "American Conservatism in Historical Perspective", in ' ...
'', and ''
The Christian Science Monitor
''The Christian Science Monitor'' (''CSM''), commonly known as ''The Monitor'', is a nonprofit news organization that publishes daily articles in electronic format as well as a weekly print edition. It was founded in 1908 as a daily newspaper ...
''. Henderson was the economics editor for the ''
National Review
''National Review'' is an American conservative editorial magazine, focusing on news and commentary pieces on political, social, and cultural affairs. The magazine was founded by the author William F. Buckley Jr. in 1955. Its editor-in-chief i ...
'' the "Wartime Economist" for
Antiwar.com
Antiwar.com is a website that describes itself as devoted to non-interventionism and as opposing imperialism and war. It is a project of the Randolph Bourne Institute. The website states that it is "fighting the next information war”.
Histor ...
and a contributing editor for ''
Reason
Reason is the capacity of consciously applying logic by drawing conclusions from new or existing information, with the aim of seeking the truth. It is closely associated with such characteristically human activities as philosophy, science, ...
'' magazine He is a Senior Fellow with the Vancouver-based
Fraser Institute
The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. The institute describes itself as independent and non-partisan. It is headquartered in Vancouver, with additional offices in Calgary, T ...
. He has appeared on ''
C-SPAN
Cable-Satellite Public Affairs Network (C-SPAN ) is an American cable and satellite television network that was created in 1979 by the cable television industry as a nonprofit public service. It televises many proceedings of the United States ...
'', ''
The O'Reilly Factor
''The O'Reilly Factor'' (originally titled ''The O'Reilly Report'' and also known as ''The Factor'') is an American cable television news and talk show. ''The O'Reilly Factor'' first aired in the United States on Fox News Channel on October 7 ...
'', ''
CNN
CNN (Cable News Network) is a multinational cable news channel headquartered in Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by ...
'',
MSNBC
MSNBC (originally the Microsoft National Broadcasting Company) is an American news-based pay television cable channel. It is owned by NBCUniversala subsidiary of Comcast. Headquartered in New York City, it provides news coverage and political ...
,
RT,
the ''Jim Lehrer Newshour'' and the ''
John Stossel
John Frank Stossel (born March 6, 1947) is an American libertarian television presenter, author, consumer journalist, and pundit. He is known for his career as a host on ABC News, Fox Business Network, and Reason TV.
Stossel's style combines r ...
'' TV show, along with numerous radio shows and interviews with the''
BBC #REDIRECT BBC #REDIRECT BBC
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'' 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 ''
* Rear Admiral John Jay Schieffelin Award for Excellence in Instruction at the Naval Postgraduate School, 1997
* Louis D. Liskin Award for Excellence in Teaching, June 2003, June 2004, and June 2007, Graduate School of Business and Public Policy
* ''The Fortune Encyclopedia of Economics''; New York: Warner Books, editor, 1994
* ''The Joy of Freedom: An Economist's Odyssey''; Upper Saddle River, NJ: Financial Times (Prentice Hall), 2001
* ''Making Great Decisions in Business and Life'', with Charles L. Hooper; Chicago Park: CA, Chicago Park Press; 1st edition, 2007
* ''The Concise Encyclopedia of Economics'', editor. Indianapolis, IN:
, 2008
* "The Supply-Side Tax Revenue Effects of the Child Care Tax Credit," ''Journal of Policy Analysis and Management,'' Vol. 8, No. 4 (Autumn, 1989), pp. 673–675
* "A Humane Economist's Case for Drug Legalization," ''UC Davis Law Review'', University of California, Davis, Vol. 24, 1991, pp. 655–676
* "Lessons of East Asia's economic growth," ''Obits'', Foreign Policy Research Institute, Volume 41, Issue 3, Summer, July 1, 1997, pp. 427–443
* "Do We Need to Go to War for Oil?" ''Independent Policy Reports', Independent Institute, September 1, 2007