Douglas Francis Henwood
University of Virginia
|Known for||Economic and cultural analysis|
|Wall Street: How It Works and for Whom|
Doug Henwood (born December 7, 1952) is an American journalist, economic analyst, author, and financial trader who writes frequently about economic affairs. Until 2013 he published a newsletter, Left Business Observer, that analyzes economics and politics from a left-wing perspective. He is also co-owner and co-editor with Phillipa Dunne of The Liscio Report, a newsletter focusing on macroeconomic analysis. Henwood is a contributing editor at The Nation.
Early life and education
Henwood was born to Harold and Victorine Henwood in Teaneck, New Jersey and grew up in Westwood, NJ. As a youth Henwood was acquainted with Marxism, but he briefly self-identified with conservatism towards the end of high school. According to Henwood: "Sometime late in high school, I fell under the spell of Milton Friedman and Bill Buckley, and about the first thing I did when I got to college was join the Party of the Right (POR). I got tired of all the pompous rituals, and political sanity returned, bringing me back to the left from which I’d started".
Henwood received a B.A. in English from Yale University in 1975. After college, Henwood worked as secretary to the chair of a small Wall Street brokerage firm headed by a former Bell Labs physicist who used quantitative analysis techniques in the mid-1970s, predating the later widespread adoption of similar methods on Wall Street.
From 1976 to 1979, Henwood pursued a doctorate in English with a focus on British and American poetry and critical theory at the University of Virginia, but left before completing his dissertation. He then worked for two years as a copywriter and assistant to a medical publisher in New York.
- income distribution and poverty in the U.S. and elsewhere in the First World
- the globalization of finance and production
- the worldwide attack on pensions
- Third World debt and development
- the International Monetary Fund (IMF) and World Bank
- the media business and media economics
- the influence of foundations on politics and culture
- "what it means to be a leftist in a world that seems to have forgotten what that means"
In 1992, Henwood worked with John Liscio on The Liscio Report on the Economy, a financial advisory agency that publishes proprietary research. The newsletter is widely followed in the investment community. In 2000, after Liscio's death, Henwood and Phillipa Dunne, a business partner, inherited The Liscio Report and continue to publish the newsletter using the research techniques pioneered by their mentor.
Henwood has written four books. His first, The State of the USA Atlas (1994), is a social atlas of the U.S. in the Pluto Press atlas series. This was followed in 1997 by Wall Street (Verso Books), in which Henwood described the workings of high finance, and then by After the New Economy (The New Press, 2003), an analysis of the 1990s boom and bust. Henwood's most recent book is My Turn: Hillary Clinton Targets the Presidency (Seven Stories Press, 2016).
Radio and other media
Henwood began hosting Behind the News in 1996. It is a weekly radio show and podcast produced at KPFA and, formerly, WBAI. Henwood had been a regular contributor to Samori Marksman's show, starting in 1989. Behind the News features interviews with activists, intellectuals, and academics, preceded by a summary of recent economic headlines. Notable guests include Noam Chomsky, James K. Galbraith, Christopher Hitchens, Lewis H. Lapham, George McGovern, Joseph Stiglitz, Gore Vidal, Yanis Varoufakis, and Slavoj Žižek.
On November 11, 2010 Henwood announced that he would be retiring Behind the News in its current form, instead broadcasting from another venue and on his website. This change arose from an interim producer's decision to reschedule Henwood's show to Saturdays and reduce its airtime to twice a month despite Henwood's having raised substantial funds during the network's previous fund drive, conditions that the host found unacceptable.
Henwood occasionally interviews on other radio and television programs. He appeared in Lewis H. Lapham's dramatic documentary film, The American Ruling Class.
Henwood authored four books and is working on a fifth.
- State of the U.S.A. Atlas (1994), ISBN 978-0-671-79696-9
- Wall Street (1997), ISBN 0-86091-670-7
- After the New Economy (2003), ISBN 1-56584-770-9
- My Turn: Hillary Clinton Targets the Presidency (2015), ISBN 978-1-682190-32-6
- Henwood, Doug (February 7, 2003). "Partying on the Right". The Nation. Retrieved 2012-01-07.
- Henwood, Doug (1997). Wall Street: How It Works and for Whom. New York: Verso. ISBN 978-0860914952.
- Henwood, Doug. "Henwood bio". Left Business Observer. Retrieved 2014-05-08.
- "About LBO". Left Business Observer. 2001. Retrieved 2014-05-08.
- "About Us". The Liscio Report on the Economy. TLR Publishing. 2007. Archived from the original on 2004-01-03. Retrieved 2014-05-08.
- "Doug Henwood". Authors. The Nation. Retrieved 2014-05-08.
- "Behind the News with Doug Henwood". Programs. KPFA 94.1 FM Berkeley. Archived from the original on 2009-01-20. Retrieved 2014-05-08.
- "Doug Henwood's radio archives". Left Business Observer. Retrieved 2014-05-08.
- Henwood, Doug (Nov 11, 2010). "My farewell to Thursdays at 5". LBO News from Doug Henwood. Retrieved 2014-05-08.
- Henwood, Doug (September 23, 2011). "Visiting the occupiers of Wall Street". LBO News.
- "Book info". Left Business Observer. Retrieved 2014-05-08.
- Twitter account
- Left Business Observer (LBO)
- LBO News (blog)
- free downloadable version of Wall Street
- Appearances on C-SPAN
- Doug Henwood at IMDb
- "Unconventional Wisdom: An Interview with Doug Henwood" by Bhaskar Sunkara (The Activist, 21 February 2010)
- "Ka-Pow! Bang! Crash! Down Goes Another Bubble!: Doug Henwood in Conversation with Christian Parenti", The Brooklyn Rail, (July–August 2009)
- "Economic Unorthodoxy: An Interview with Doug Henwood" (24 April 2004)
- "The 'New Economy' and the Speculative Bubble: An Interview with Doug Henwood" (Monthly Review, April 2001)
- "The Marxist Wall Street Couldn't Ignore", by Annalee Newitz, Salon.com, December 1998
- The Liscio Report on the Economy by Doug Henwood and Phillipa Dunne (blog)