David R Henderson

David R. Henderson

Credentials

Background

David R. Henderson, not to be confused with his UK counterpart Patrick David Henderson, is a Senior Fellow with the Fraser Institute and research fellow at the Hoover Institution.3โ€œDavid R. Henderson,โ€ Hoover Institution. Archived December 30, 2017. Archive.is URL: https://archive.is/I8N26

According to his profile at the Fraser Institute, Henderson was born and raised in Canada. He earned his B.Sc. in mathematics from the University of Winnipeg before moving to the United States where he earned his Ph.D. in Economics from the University of California.4โ€œDavid R. Henderson,โ€ Fraser Institute. Archived December 30, 2017. Archive.is URL: https://archive.is/LQZ8r

From 1982 to 1984, Henderson served on President Reagan’s Council of Economic Advisers as a senior economist specializing in energy and health policy.5โ€œDavid R. Henderson,โ€ Fraser Institute. Archived December 30, 2017. Archive.is URL: https://archive.is/LQZ8r

Henderson co-edits EconLong, the blog of the Library of Economics and Liberty along with Bryan Caplan. Alberto Mingardi, Scott Summer and guest blogger Emily Skarbek are also contributors.6โ€œDavid Henderson: Archives,โ€ Econolog. Archived December 30, 2017. Archive.is URL: https://archive.is/2uoVc

Henderson has consistenly questioned whether climate change is something to worry about, suggesting there are bigger risks to our society. He is an opponent of the carbon tax, and is against Corporate Average Fuel Economy (CAFE) standards.7David R. Henderson and John H. Cochrane. โ€œClimate Change Isnโ€™t the End of the World,โ€ The Wall Street journal, July 30, 2017. Archive.is URL: https://archive.is/AVZLb 8David R. Henderson. โ€œThe Economics of Fuel Economy Standardsโ€ (PDF), Regulation Vol. 9 No. 106 (January/February 1985). 9โ€œA carbon tax is not a ‘price’,โ€ Fraser Forum, August 4, 2016. Archived December 30, 2017. Archive.is URL: https://archive.is/dDXOy

Stance on Climate Change

July 30, 2017

Henderson is co-author, with John H. Cochrane, of a Wall Street Journal article titled โ€œClimate Change Isnโ€™t the End of the Worldโ€:10David R. Henderson and John H. Cochrane. โ€œClimate Change Isnโ€™t the End of the World,โ€ The Wall Street journal, July 30, 2017. Archive.is URL: https://archive.is/AVZLb

โ€œGlobal warming is not the only risk our society faces. Even if science tells us that climate change is real and man-made, it does not tell us, as President Obama asserted, that climate change is the greatest threat to humanity. Really? Greater than nuclear explosions, a world war, global pandemics, crop failures and civil chaos?โ€

โ€œNo. Healthy societies do not fall apart over slow, widely predicted, relatively small economic adjustments of the sort painted by climate analysis. Societies do fall apart from war, disease or chaos. Climate policy must compete with other long-term threats for always-scarce resources.

[โ€ฆ] โ€œGlobal warming is not even the obvious top environmental threat. Dirty water, dirty air and insect-borne diseases are a far greater problem today for most people world-wide. [โ€ฆ]โ€11David R. Henderson and John H. Cochrane. โ€œClimate Change Isnโ€™t the End of the World,โ€ The Wall Street journal, July 30, 2017. Archive.is URL: https://archive.is/AVZLb

Key Quotes

December 11, 2016

Writing at the EconLong blog, Henderson notes that while he’s โ€œnot been a fan of Donald Trump,โ€ he was โ€œ pleasantly surprised by many of his picks for cabinet positions.โ€ For example, he said it’s a โ€œgood signโ€ that Scott Pruitt is a climate change denier:12David Henderson. โ€œTrump’s Pick versus Reagan’s,โ€ Econlog, December 11, 2016. Archived December 30, 2017. Archive.is URL: https://archive.is/LTxUI

โ€œThe EPA is out of control. In a forthcoming review in Regulation, I lay out the problem with its push for higher fuel economy in cars. But it’s out of control in other ways too. Pruitt will likely rein in, and even reverse, some of its most extreme excesses. One good sign: he is a global warming skeptic. [โ€ฆ]โ€13David Henderson. โ€œTrump’s Pick versus Reagan’s,โ€ Econlog, December 11, 2016. Archived December 30, 2017. Archive.is URL: https://archive.is/LTxUI

August 4, 2016

Writing at the Fraser Institute’s blog, Henderson opposes carbon taxes for Canada:14โ€œA carbon tax is not a ‘price’,โ€ Fraser Forum, August 4, 2016. Archived December 30, 2017. Archive.is URL: https://archive.is/dDXOy

โ€œIf a carbon tax is implemented, it will likely be on top of the extensive regulation Canadians now contend with. Whoโ€™s offering to end regulation on carbon usage? Whoโ€™s offering to legalize certain kinds of incandescent light bulbs? Whoโ€™s offering to end the governmentโ€™s mandates on energy efficiency in cars, trucks, washers, driers, refrigerators, air conditioners and other appliances? Whoโ€™s offering to get rid of expensive, market-distorting subsidies to solar and wind power? Anyone? Anyone? Bueller?โ€15โ€œA carbon tax is not a ‘price’,โ€ Fraser Forum, August 4, 2016. Archived December 30, 2017. Archive.is URL: https://archive.is/dDXOy

2015

Henderson reviewed Alex Epstein‘s The Moral Case for Fossil Fuels at the Cato Institute’s Regulation journal:16โ€œEthics and Energy reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 38, No. 2 (Summer 2015).

โ€œAlex Epsteinโ€™s new book, The Moral Case for Fossil Fuels, needed to be written. He makes a powerful, practical case for using more, not less, fossil fuel, and his practical case is also his moral case. Thus the bookโ€™s title.โ€17โ€œEthics and Energy reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 38, No. 2 (Summer 2015).

Henderson said one chapter โ€œalmost gave me chillsโ€:18โ€œEthics and Energy reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 38, No. 2 (Summer 2015).

โ€[โ€ฆ] Iโ€™ll close on a positive note. Epsteinโ€™s last chapter is his best and should have been his first chapter. In it, he tells how he paid famous environmentalist Bill McKibben $10,000 to debate him. That alone impressed me. Epstein tells the story in such a dramatic way that it almost gave me chills. I recommend reading it first; you will likely then be motivated to read the rest of the book.โ€19โ€œEthics and Energy reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 38, No. 2 (Summer 2015).

2010

In a review for the Cato Institute, Henderson criticizes a book suggesting benefits in investing in clean energy:20โ€œ’Clean’ Energy and Disguised Costs: Reviewed by David R. Hendersonโ€ (PDF), Regulation vol. 33 No. 209 (Summer 2010).

โ€œEven economists who accept these views โ€” that global warming is happening, that it is harmful, and that we should shift from lower-cost to higher-cost fuels to reduce this harm โ€” will admit that shifting from lower-cost carbon-based fuels to higher cost alternative fuels will cost more. That is what moving from lower-cost to higher cost means,โ€ Henderson wrote.

โ€œ[The authors’] argument is basically that an uncounted benefit of clean energy is the reduction of the harm generated by burning carbon-intensive fuels. This argument is correct, assuming that their premise is correct: if burning carbon-intensive fuels hurts the environment, then it is true that moving to ‘clean’ energy could create a net improvement in wellbeing. But that argument is beside the point [โ€ฆ]โ€21โ€œ’Clean’ Energy and Disguised Costs: Reviewed by David R. Hendersonโ€ (PDF), Regulation vol. 33 No. 209 (Summer 2010).

Key Deeds

April 4, 2017

Writing at the Hoover Institution, Henderson and his co-author Charles L. Hooper questioned the validity of climate models, saying they have been dealt a โ€œdevastating blowโ€ due to the factors of measurement error, the sun, and โ€œcloud errors.โ€22David R. Henderson and Charles L. Hooper. โ€œFlawed Climate Models,โ€ Hoover Institution, April 4, 2017. Archived December 30, 2017. Archive.is URL: https://archive.is/lcMbu

Under โ€œother uncertainties,โ€ the authors wrote: โ€œThe glacial record shows geological periods with rising CO2 and global cooling and periods with low levels of atmospheric CO2 and global warming. Indeed, according to a 2001 article in Climate Research by astrophysicist and geoscientist Willie Soon and his colleagues, ‘atmospheric CO2 tends to follow rather than lead temperature and biosphere changes.’โ€23David R. Henderson and Charles L. Hooper. โ€œFlawed Climate Models,โ€ Hoover Institution, April 4, 2017. Archived December 30, 2017. Archive.is URL: https://archive.is/lcMbu

Henderson does not note that Willie Soon was responsible for another Climate Research paper that resulted in three of the journal’s editors resigning in protest, declaring the work seriously flawed.24โ€œStorm Brews Over Global Warming,โ€ Chronicle of Higher Education, September 5, 2003. Retrieved from www.cfa.harvard.edu.

Hooper and Henderson published a nearly identical article in the winter 2016/2017 issue of the Cato Institute journal, Regulation, titled โ€œA Fatal Flaw with Climate Models.โ€25Charles L. Hooper and David R. Henderson. โ€œA Fatal Flaw with Climate Modelsโ€ (PDF), Regulation Vol. 39, No.4 (Winter 2016-2017).

October 27, 2014

Henderson is featured in a PragerU video suggesting an abolishment of the minimum wage. โ€œWhile Congress discusses a minimum wage hike, economist David Henderson shows that any minimum wage makes it harder for unemployed people (particularly young people) to find work, and forces business owners to cut the hours of lower-skilled employees,โ€ the video description reads.26โ€œWhat’s the Right Minimum Wage?โ€ PragerU, October 27, 2014. Archived .mp4 on file at DeSmog.

According to their website, PragerU’s mission is to โ€œspread what we call ‘Americanism’ through the power of the Internet. Our five-minute videos are conservative sound bites that clarify profoundly significant and uniquely American concepts for more than 100 million people each year.โ€ They focus on โ€œJudeo-Christianโ€ values including โ€œfreedom of speech, a free press, free markets and a strong military to protect and project those values.โ€27โ€œWhat We Do,โ€ PragerU.com. Archived May 31, 2016.

According to Conservative Transparency, PragerU has received $215,000 from the conservative Lynde and Harry Bradley Foundation and has also been funded by the billionaire brothers Dan Wilks and Farris Wilks, who made their money in the fracking industry.28โ€œPrager U,โ€ Conservative Transparency. Search Performed May 31, 2016.

September 30, 2010

After climate change denier Matt Ridley published his book, The Rational Optimist: How Prosperity Evolves, even some at the libertarian Cato Institute had criticism of the work. As noted by Cato’s own David Boaz, Henderson was not one of them.29David Boaz. โ€œThree Views of Matt Ridley,โ€ Cato Institute, September 30, 2010. Archived December 20, 2017. Archive.is URL: https://archive.is/WVgCv

โ€œHenderson enthusiastically endorses the style and substance of Ridleyโ€™s book, though without identifying the weaknesses highlighted in the former review,โ€ Boaz wrote at Cato.30David Boaz. โ€œThree Views of Matt Ridley,โ€ Cato Institute, September 30, 2010. Archived December 20, 2017. Archive.is URL: https://archive.is/WVgCv

Henderson published his original view in the Fall 2010 edition of Regulation, where he also points to Indur M. Goklany and the late Julian Simon as โ€œthe strongest voices for reason and optimism in a congenitally pessimistic world.โ€31โ€œReality-Based Optimism: Reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 33, No. 3-9 (Fall 2010).

โ€œWhy read Ridley if you have already read and absorbed Simon and Goklany?โ€ Henderson asks. โ€ First, Ridley is an incredible writer who keeps you turning the page to find out what happens next.โ€32โ€œReality-Based Optimism: Reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 33, No. 3-9 (Fall 2010).

โ€œHis calculations at key points in the argument show just how ‘ungreen’ some supposedly environmental policies are, particularly organic farming and renewable energy,โ€ Henderson added.33โ€œReality-Based Optimism: Reviewed by David R. Hendersonโ€ (PDF), Regulation Vol. 33, No. 3-9 (Fall 2010).

Jan/Feb 1985

Henderson wrote an article in the Jan/Feb 1985 issue of the Cato Institute’s Regulation where he opposed Corporate Average Fuel Economy (CAFE) standards.34David R. Henderson. โ€œThe Economics of Fuel Economy Standardsโ€ (PDF), Regulation Vol. 9 No. 106 (January/February 1985).

โ€œWith the decontrol of gas prices, consumers already pay full price for their gasoline and therefore already have appropriate incentives to conserve. CAFE only hurts consumers by preventing them from buying the kinds of cars they really want,โ€ Henderson wrote in the article titled โ€œThe Economics of Fuel Economy Standards.โ€35David R. Henderson. โ€œThe Economics of Fuel Economy Standardsโ€ (PDF), Regulation Vol. 9 No. 106 (January/February 1985).

Affiliations

Social Media

Publications

According to his profile at the Fraser Institute, Henderson regularly contributes to The Wall Street Journal and formerly to Fortune. He has also written for the Journal of Policy Analysis and Management, Journal of Monetary Economics, Cato Journal, Regulation, Contemporary Policy Issues, and Energy Journal. He is also the editor of The Concise Encyclopedia of Economics.43โ€œDavid R. Henderson,โ€ Fraser Institute. Archived December 30, 2017. Archive.is URL: https://archive.is/LQZ8r

Regulation

Henderson has been a regular contributor the Cato Institute publication, Regulation. He is also the author of several Cato โ€œbriefing papersโ€ and โ€œpolicy reports.โ€ Sample Regulation articles below.

Fall 2017

Spring 2017

Summer 2016

Winter 2015/2016

Summer 2015

Spring 2015

Winter 2014-2015

  • A Feel for Economics: Murray L. Weidenbaum, 1927โ€“2014 by David R. Henerson

Summer 2014

Spring 2014

Winter 2013โ€“2014

Summer 2013

Spring 2013

Winter 2012โ€“2013

Fall 2012

Spring 2012

Winter 2011โ€“2012

Fall 2011

Summer 2011

Winter 2010โ€“2011

Summer 2010

Winter 2009โ€“2010

Fall 2009

Summer 2009

Spring 2009

Fall 2008

Summer 2008

Winter 2008โ€“2009

January/February 1985

Other Resources

Resources

Related Profiles

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