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

Jobs saved and counterfactuals

by Russ Robertsvia Cafe Hayek
Wednesday, November 11, 2009

Krugman and DeLong have been attacking Mankiw and Meltzer for mocking the “jobs saved” metric of the Obama Administration. . . .

Analysis and Commentary

No solutions

by Russ Roberts with Thomas Sowellvia Cafe Hayek
Wednesday, November 11, 2009

Thomas Sowell has said that economics helps you understand that there are no solutions, only tradeoffs. . . .

Analysis and Commentary

Degrees saved or created

by Russ Robertsvia Cafe Hayek
Tuesday, November 10, 2009

NOAA announced (HT: Drudge) that October was the third coldest October in the United States on record. . . .

Analysis and Commentary

Looter

by Russ Robertsvia Cafe Hayek
Tuesday, November 10, 2009

When losses are truncated by bailouts, you get anti-social risk-taking. . . .

Analysis and Commentary

Saturday

by Russ Robertsvia Cafe Hayek
Tuesday, November 10, 2009

The Gallup poll has discovered (HT: Catherine Rampell) that Saturday is the day of the week that consumers spend the most money. . . .

In the News

Sumner on Monetary Policy

by Russ Roberts with John B. Taylorvia EconTalk
Monday, November 9, 2009

Scott Sumner of Bentley University and the blog The Money Illusion talks with host Russ Roberts about monetary policy and the state of the economy. . . .

Analysis and Commentary

Unemployment

by Russ Robertsvia Cafe Hayek
Friday, November 6, 2009

It’s up to 10.2%. . . .

In the News

Heller on Gridlock and the Tragedy of the Anticommons

by Russ Robertsvia EconTalk
Monday, November 2, 2009

Michael Heller of Columbia Law School and author of The Gridlock Economy talks to EconTalk host Russ Roberts about the book and the idea that fragmented ownership is a barrier to innovation...

Analysis and Commentary

Did the Stimulus Work?

by Russ Robertsvia New York Times
Sunday, November 1, 2009

Many economists attribute the rise in the gross domestic product in the third quarter to the $787 billion federal stimulus package approved in February...

Analysis and Commentary

Marginalized Nobel Laureates

by Russ Robertsvia Cafe Hayek
Sunday, November 1, 2009

Thought this story from Newsweek on Soros’s new economics/policy enterprising was unintentionally amusing:...

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