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

Looking for your help (skin in the game)

by Russ Robertsvia Cafe Hayek
Thursday, October 1, 2009

I’m looking for some help from anyone with knowledge of life in the investment bank world...

Analysis and Commentary

Chart of the year

by Russ Robertsvia Cafe Hayek
Wednesday, September 30, 2009

From this Washington Post article: Look at that last bar in the chart...

Analysis and Commentary

Questions for Bryan

by Russ Robertsvia Cafe Hayek
Wednesday, September 30, 2009

Bryan writes over at EconLog: Counterintuitive claim: Free trade makes countries richer, even if the other countries have big advantages like cheaper labor or more advanced technology...

Analysis and Commentary

Let’s keep making the same mistakes

by Russ Robertsvia Cafe Hayek
Tuesday, September 29, 2009

The WSJ reports: The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials...

In the News

Cohan on the Life and Death of Bear Stearns

by Russ Robertsvia EconTalk
Monday, September 28, 2009

William Cohan, author of House of Cards: A Tale of Hubris and Wretched Excess on Wall Steet, talks with EconTalk host Russ Roberts about the life and death of Bear Stearns...

Analysis and Commentary

Keep those goodies coming

by Russ Robertsvia Cafe Hayek
Thursday, September 24, 2009

The post office will be taking a few billion dollars of money...

Analysis and Commentary

Keynesian economics

by Russ Robertsvia Cafe Hayek
Thursday, September 24, 2009

Richard Posner has read Keynes’s General Theory so you don’t have to. He does a superb job of summarizing (HT: Greg Mankiw) what Keynes actually said...

Analysis and Commentary

Masonomics

by Russ Robertsvia Cafe Hayek
Thursday, September 24, 2009

Tyler Cowen recently gave a talk on what is distinctive about George Mason economics...

Analysis and Commentary

The mystery of supply and demand

by Russ Robertsvia Cafe Hayek
Thursday, September 24, 2009

The paradox of markets is this: there is no single price even for apparently homogenous products, yet transactions by others, buying and selling similar goods, affect the price I pay or can charge...

Analysis and Commentary

Those pesky animal spirits

by Russ Robertsvia Cafe Hayek
Thursday, September 24, 2009

The Keynesian argument for government spending is that when people are scared of the future, they put their money in their mattress instead of spending on consumption goods or investment goods...

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