Articles by David R. Henderson
Top of the World?
This is the final installment of my three-part review of Alan Reynolds's excellent new book, Income and Wealth. In the first installment, I laid out some of Reynolds's criticisms of the view that the vast majority of families' incomes...
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What the Real-Wage Pessimists Are Missing
Some economists and journalists—I'll call them "the real-wage pessimists"—have claimed that average real wages have fallen during substantial time periods over the last 30 or so years. Others have claimed that average real wages for the majority of the...
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What's Really Happening in the Economy?
How often have you heard that the vast majority of families' incomes in the United States are rising little or not at all, that the middle class is shrinking, that real wages are stagnating, that the top 20%, or...
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What Are the 'Dynamics of Economic Well-Being'?
Recently, the Census Bureau reported its findings on 2005 household income for the United States. The August 30 Wall Street Journal's headline for its story on these findings was, "Median Household Income Rises 1.1%." The line underneath (what journalists called...
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Got to Admit It's Getting Better...
In two major newspaper articles, one in last Monday's New York Times (August 28, 2006) and one in last Wednesday's Washington Post (August 30, 2006), two of the nation's leading newspapers do their readers a huge disservice. In the Times...
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Hurray for Frank Quattrone; Rotten Tomatoes for the Media
Hurray for Frank Quattrone. It has to be said. The evidence seems to suggest that he was innocent. And even in the unlikely case that he was guilty, the prosecutor never made the case beyond a reasonable doubt, the standard...
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More Making Great Decisions
In a recent article, I laid out some of the important ways of thinking that my co-author, Charles Hooper, and I discuss in our book, Making Great Decisions in Business and Life. Here are a few more. Many people are...
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Making Great Decisions in Business and Life
The phrase "work smarter, not harder" has been repeatedly ridiculed in the Dilbert comic strip, not because it's a bad idea, but because it's thrown like a brick lifesaver to drowning managers and workers. To tell someone to work smarter...
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Uncle Miltie's Ugly Fed Lesson
"The right man in the right place at the right time." That's a quote from an important article in Newsweek by economist Milton Friedman in which he claimed that the person about to be chairman of the Federal Reserve Board would be...
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The Coming $100 Laptop Tragedy
The earliest mistakes in any major project are typically the biggest mistakes.* Early decisions are important because of all the downstream resources and actions that they commit you to. A case in point is the vaunted $100 laptop. In case...
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