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

A turning point?

by Russ Robertsvia Cafe Hayek
Tuesday, October 13, 2009

Something is happening in the field of economics when two people with pretty different worldviews say almost the same thing in their reflections on yesterday’s Nobel Prize:...

Analysis and Commentary

Stimulus in the real world

by Russ Robertsvia Cafe Hayek
Tuesday, October 13, 2009

As I noted yesterday, four government agencies account for 86% of the $110 billion the government has managed to spend since the “stimulus” bill was enacted last February–HHS, Labor, Education and Social Security...

Analysis and Commentary

Shovel Ready?

by Russ Robertsvia Cafe Hayek
Monday, October 12, 2009

In the first eight months of the $787 billion “stimulus” package, the government has managed to spend about $111 billion, less than half of the funds that are available...

In the News

Willingham on Education, School, and Neuroscience

by Russ Robertsvia EconTalk
Monday, October 12, 2009

Daniel Willingham of the University of Virginia and author of the book Why Don't Students Like School? talks with EconTalk host Russ Roberts about how the brain works and the implications for teaching, learning, and educational policy...

Analysis and Commentary

A Nobel prediction

by Russ Roberts with Robert J. Barrovia Cafe Hayek
Sunday, October 11, 2009

An interesting pairing for tomorrow’s prize would be Robert Shiller and Nassim Taleb...

In the News

Gary Stern on Too Big to Fail

by Russ Robertsvia EconTalk
Monday, October 5, 2009

Gary Stern, former President of the Minneapolis Federal Reserve Bank, talks with EconTalk host Russ Roberts about Stern's book, Too Big To Fail (co-authored with Ron Feldman), a prescient warning of the moral hazard created when government rescues creditors of financial institutions from the consequences of bankruptcy...

Analysis and Commentary

Recalculating

by Russ Robertsvia Cafe Hayek
Monday, October 5, 2009

Krugman insults Arnold Kling (HT: THM) But what none of the participants in the debate seem to realize is that Arnold is basically reinventing 1934 macroeconomics...

Analysis and Commentary

The curious task

by Russ Robertsvia Cafe Hayek
Monday, October 5, 2009

From the WSJ: The Obama administration’s pay czar is planning to clamp down on compensation at firms receiving large sums of government aid by cutting annual cash salaries for many of the top employees under his authority, according to people familiar with the matter...

Analysis and Commentary

Fuld’s skin in the game

by Russ Robertsvia Cafe Hayek
Friday, October 2, 2009

According to Seeking Alpha which cites Bloomberg, here are Richard Fuld’s stock sales of his Lehman stock...

Analysis and Commentary

Didn’t they really have skin in the game?

by Russ Robertsvia Cafe Hayek
Thursday, October 1, 2009

Joshua, in the comments to this post, asks the excellent question: My understanding is that the Wall Street guys had large fortunes in the stock of their companies...

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