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

The Numbers GameFeatured

The Paradox Of Household Income (Part 2)

by Russ Robertsvia Policyed.org
Thursday, February 1, 2018

Changes in family structure make it difficult to measure economic progress for the middle class and to get an accurate picture of the effectiveness of the American economy. The rise in divorce and the decrease in marriage rates especially among less-educated Americans distorts the standard measures of economic progress. What’s really going on is more complicated than the standard story of economic stagnation. Hoover Fellow, Russ Roberts, will present this video on 2/6 at the Hoover Institution. Register for this event today. 

Analysis and Commentary

Marian Goodell On Burning Man

by Russ Robertsvia EconTalk
Sunday, January 28, 2018

Marian Goodell, CEO of the Burning Man Project, talks with EconTalk host Russ Roberts about Burning Man, the 8-day art and music festival in the Nevada Desert. Goodell explains how Burning Man has evolved over the years, the principles and rules that govern the experience today, and plans for expanding the Burning Man experience around the world.

Analysis and Commentary

John Ioannidis On Statistical Significance, Economics, And Replication

by Russ Robertsvia EconTalk
Saturday, January 20, 2018

John Ioannidis of Stanford University talks with EconTalk host Russ Roberts about his research on the reliability of published research findings. They discuss Ioannidis's recent study on bias in economics research, meta-analysis, the challenge of small sample analysis, and the reliability of statistical significance as a measure of success in empirical research.

Analysis and Commentary

Bill James On Baseball, Facts, And The Rules Of The Game

by Russ Robertsvia EconTalk
Monday, January 15, 2018

Baseball stats guru and author Bill James talks with EconTalk host Russ Roberts about the challenges of understanding complexity in baseball and elsewhere. James reflects on the lessons he has learned as a long-time student of data and the role it plays in understanding the underlying reality that exists between different variables in sports and outside of sports.

Analysis and Commentary

Dick Carpenter On Bottleneckers

by Russ Robertsvia EconTalk
Monday, January 8, 2018

Dick Carpenter of the Institute for Justice and author of Bottleneckers talks with EconTalk host Russ Roberts about his book--a look at how occupational licensing and other regulations protect existing job holders from competition.

Analysis and Commentary

Kelly Weinersmith And Zach Weinersmith On Soonish

by Russ Robertsvia EconTalk
Monday, January 1, 2018

Ecologist Kelly Weinersmith and cartoonist Zach Weinersmith--creator of Saturday Morning Breakfast Cereal--talk with EconTalk host Russ Roberts about their new book, Soonish--a look at cutting-edge and not-quite cutting edge technologies.

Analysis and Commentary

Matt Stoller On Modern Monopolies

by Russ Robertsvia EconTalk
Monday, December 25, 2017

Matt Stoller of the Open Market Institute talks with EconTalk host Russ Roberts about the growing influence of Google, Facebook, and Amazon on commercial and political life. Stoller argues that these large firms have too much power over our options as consumers and creators as well as having a large impact on our access to information.

Analysis and Commentary

Brink Lindsey And Steven Teles On The Captured Economy

by Russ Robertsvia EconTalk
Monday, December 18, 2017

Brink Lindsey of the Niskanen Center and Steven Teles of the Niskanen Center and Johns Hopkins University talk with EconTalk host Russ Roberts about their book, The Captured Economy

Featured

John Cogan On Entitlements And The High Cost Of Good Intentions

by Russ Roberts interview with John F. Coganvia EconTalk
Sunday, December 10, 2017

John Cogan of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about Cogan's book, The High Cost of Good Intentions, a history of U.S. entitlement policy. Cogan traces the evolution of government pensions beginning with Revolutionary War vets to the birth and evolution of the Social Security program. 

The Numbers GameFeatured

The Numbers Game: How Is The Middle Class Doing?

by Russ Robertsvia PolicyEd
Wednesday, December 6, 2017

Is it true that the wages for those in the middle class have been stagnant since the 1970s? Watch the 1st video in the new animated series The Numbers Game, in which Hoover Research Fellow Russ Roberts discusses the challenges of accurately measuring and understanding the economy and economic policy.

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