In this easily accessible, user-friendly volume, respected economist David R. Henderson brings together 152 of the most brilliant minds in economics to show how the analysis of economic topics can illuminate many aspects of the average person’s daily life. The more than 160 entries cover numerous topics including basic concepts, discrimination and labor issues, corporations and financial markets, issues in economic history, economics of legal issues, regulation, environmental regulation, taxes, economic policy, macroeconomics, money and banking, international economics, economics outside the United States, economic systems, schools of economic thought, and more. David R. Henderson is a Research Fellow with Stanford University’s Hoover Institution and an Associate Professor of Economics at the Naval Postgraduate School in Monterey, California.
Professor of economics at the Naval Postgraduate School in Monterey, California, research fellow at the Hoover Institution, Fraser Institute and Independent Institute, editor of The Fortune Encyclopedia of Economics. Henderson also blogs for the economics blog EconLog along with Bryan Caplan. From 1982 to 1984, he was the senior economist for health policy and, from 1983 to 1984, the senior economist for energy policy, with President Reagan's Council of Economic Advisers. Born and raised in Canada, Henderson moved to the United States in 1972 to pursue his Ph.D. in economics at UCLA. He became a U.S. citizen in 1986.
Not a book to simply read -- but a reference work. Although as with other encyclopedias, the temptation to read the next article can be difficult to resist! I've seldom encountered a work that I think is so valuable for dispelling fallacious economic thinking. In a few pages, each topic gathers key data together with economic thinking. One of the biggest challenges I find in debate on economic issues is that the critical data is hard to come by, widely scattered, and subject to wide claims of cherry picking by the one side or the other. In the future, when I get interested in a new subject, this will be one of the first books I reach for -- a few pages lay a foundation for the debate, from a market-oriented perspective. Highly recommend -- and I wish our public figures would start from here in their debates!
A very accesible book on economics and its many theories and ideas. I studied under David (the Editor/Author), and his personal attributes shine through in this book: Accurate, Authoritative, Interestng, and Good! This book should be in everyone’s library. A key reference.