Economist David R. Henderson underwent a personal odyssey in his discovery of free-market economics. David tells Bob the story of his recruitment by Harold Demsetz, and how David ended up at UCLA during its glory days. The conversation turns to David’s time on the Council of Economic Advisors to Ronald Reagan, as well as David’s unusual position as a professor at the Naval Postgraduate School while he was a columnist for Antiwar.com.
Mentioned in the Episode and Other Links of Interest:
- David’s archives at EconLog.
- David’s books: The Concise Encyclopedia of Economics (online version), The Joy of Freedom: An Economist’s Odyssey (2001), and (with co-author Charles L. Hooper) Making Great Decisions in Business and Life (2006)
- Bob’s Journal of Private Enterprise article on the 1970’s price controls on crude oil (and Milton Friedman’s goof in Newsweek).
- David’s Mercatus paper on “Canada’s Budget Triumph”
- Krugman’s inflation memo, awkward in light of his victory laps over Bob’s lost inflation bet to David.
- Bob’s book Contra Krugman (which discusses the above events plus a whole lot more!).
- David on Paul Samuelson predicting a return of depression after WW2 budget cuts.
- David asks a pointed question of Leon Panetta (beginning at [43:41] in the video).
- Explanation of Bob’s inside joke about Phil Magness and “madjuncts.”
The sound engineer for this episode was Chris Williams. Learn more about his work at ChrisWilliamsAudio.com.