Russ Roberts

John and Jean De Nault Research Fellow
Biography: 

Russ Roberts is the John and Jean De Nault Research Fellow at the Hoover Institution. 

He founded the award-winning weekly podcast EconTalk in 2006. Past guests include Milton Friedman, Martha Nussbaum, Thomas Piketty, Christopher Hitchens, Bill James, Nassim Taleb, Michael Lewis, and Mariana Mazzucato. All 675+ episodes remain available free of charge at EconTalk.org and reach an audience of over 100,000 listeners around the world.

His two rap videos on the ideas of John Maynard Keynes and Friedrich Hayek, created with filmmaker John Papola, have had more than 10 million YouTube views, have been subtitled in 11 languages, and are used in high school and college classrooms around the world. His poem and animated video “It’s a Wonderful Loaf” (wonderfulloaf.org) is an ode to emergent order. His series on the challenge of using data to establish truth, The Numbers Game, can be found at PolicyEd.org. 

His latest book is Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis (Hoover Institution Press, 2019). His book How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness takes the lessons from Adam Smith's little-known masterpiece The Theory of Moral Sentiments and applies them to modern life.

Roberts is the author of three novels teaching lessons and ideas through fiction—The Price of Everything: A Parable of Possibility and ProsperityThe Invisible Heart: An Economic Romance,and The Choice: A Fable of Free Trade and Protectionism, which was named one of the top ten books of 1994 by Business Week and one of the best books of the year by the Financial Times

Roberts has taught at George Mason University, Washington University in St. Louis (where he was the founding director of what is now the Center for Experiential Learning), the University of Rochester, Stanford University, and the University of California–Los Angeles. He holds a PhD in economics from the University of Chicago and received his undergraduate degree in economics from the University of North Carolina at Chapel Hill.

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Recent Commentary

Analysis and Commentary

Don’t get around much anymore

by Russ Robertsvia Cafe Hayek
Monday, November 23, 2009

I think Paul Krugman needs to get out and about a little more often. . . .

In the News

Reinhart on Financial Crises

by Russ Robertsvia EconTalk
Monday, November 23, 2009

Carmen Reinhart of the University of Maryland talks with EconTalk host Russ Roberts about the ideas in her book This Time is Different: Eight Centuries of Financial Folly (co-authored with Kenneth Rogoff). . . .

Analysis and Commentary

Disgusting

by Russ Robertsvia Cafe Hayek
Friday, November 20, 2009

This (HT: Drudge) is how “the system” works. . . .

Analysis and Commentary

Wisdom from Arnold

by Russ Robertsvia Cafe Hayek
Friday, November 20, 2009

So when someone says the TARP was central to preventing disaster, don’t disagree. . . .

Analysis and Commentary

Universal standards

by Russ Robertsvia Cafe Hayek
Wednesday, November 18, 2009

There are advantage to universal standards. . . .

Analysis and Commentary

Airplane crashes and financial crashes

by Russ Robertsvia Cafe Hayek
Monday, November 16, 2009

This is the opening of my essay that I blogged on last week, “How Little We Know,” on the hopes for financial reform: . . . .

In the News

Posner on the Financial Crisis

by Russ Robertsvia EconTalk
Monday, November 16, 2009

Richard Posner, federal judge and prolific author, discusses the financial crisis with EconTalk host Russ Roberts. Posner (despite the title of his recent book on the crisis, A Failure of Capitalism) places most of the blame for the crisis on the Federal Reserve, inattentive regulators and the subsidization of risk. . . .

In the News

How Little We Know

by Russ Robertsvia Economists' Voice (Berkeley Electronic Press)
Thursday, November 12, 2009

If only preventing financial crashes were as straightforward as preventing airlines crashes. . . .

Analysis and Commentary

Almost nothing

by Russ Robertsvia Cafe Hayek
Wednesday, November 11, 2009

A very illuminating story on “jobs saved.” . . .

Analysis and Commentary

Counterfactuals, revisited

by Russ Robertsvia Cafe Hayek
Wednesday, November 11, 2009

My favorite perspective on the political economy of counterfactuals came from a reporter (Tom Foreman of CNN) who gave me his analysis of politicians and the economy. . . .

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