David Henderson

David Henderson, an esteemed economist and author, dives into the significant contributions of Armen Alchian and Harold Demsetz from the UCLA School of Economics. He highlights how they framed economics as a tool for understanding human behavior. The discussion reveals the importance of property rights, team production dynamics, and challenges misconceptions about exploitation. Henderson also critiques the Nirvana fallacy in economic debate, emphasizing balanced evaluations between government and market solutions. His insights link historical events to current economic resilience and behavioral economics.