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Henderson on Demsetz in Wall Street Journal

Summary:
Harold Demsetz, who died Jan. 4 at 88, was one of the greatest economists of the 20th century not to win a Nobel Prize. He made major contributions to the economics of property rights and industrial organization. He was also one of the few top economists of his era to communicate almost entirely in words and not math. This is the opening paragraph of my article that will appear in the print edition of the Wall Street Journal tomorrow. My piece is titled “Chicago’s Lesser-Known Free Marketeer.” Those who have subscriptions can find it on line here. Because of my agreement with the Wall Street Journal, I won’t be able to post the whole thing until 30 days from tomorrow. The picture above, which the WSJ received permission from the Demsetz family to run, shows him at

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Henderson on Demsetz in Wall Street Journal

Harold Demsetz, who died Jan. 4 at 88, was one of the greatest economists of the 20th century not to win a Nobel Prize. He made major contributions to the economics of property rights and industrial organization. He was also one of the few top economists of his era to communicate almost entirely in words and not math.

This is the opening paragraph of my article that will appear in the print edition of the Wall Street Journal tomorrow. My piece is titled “Chicago’s Lesser-Known Free Marketeer.” Those who have subscriptions can find it on line here.

Because of my agreement with the Wall Street Journal, I won’t be able to post the whole thing until 30 days from tomorrow.

The picture above, which the WSJ received permission from the Demsetz family to run, shows him at a fairly early age. I met him in early 1970, when he was 39. I think this picture was taken some years before then.

David Henderson
David Henderson is a British economist. He was the Head of the Economics and Statistics Department at the OECD in 1984–1992. Before that he worked as an academic economist in Britain, first at Oxford (Fellow of Lincoln College) and later at University College London (Professor of Economics, 1975–1983); as a British civil servant (first as an Economic Advisor in HM Treasury, and later as Chief Economist in the Ministry of Aviation); and as a staff member of the World Bank (1969–1975). In 1985 he gave the BBC Reith Lectures, which were published in the book Innocence and Design: The Influence of Economic Ideas on Policy (Blackwell, 1986).

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