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

In the News

Fama on Finance

by Russ Robertsvia EconTalk
Monday, January 30, 2012

Mitch Daniels’ news flash

by Russ Robertsvia Advancing a Free Society
Friday, January 27, 2012

There was actually a news-worthy moment in Mitch Daniels response to President Obama’s State of the Union address. He said:

Analysis and Commentary

Mitch Daniels’s news flash

by Russ Robertsvia Cafe Hayek
Wednesday, January 25, 2012

If the goal is to save the system in some form akin to its current state, making the welfare component of Social Security and Medicare is a good place to start...

In the News

David Rose on the Moral Foundations of Economic Behavior

by Russ Robertsvia EconTalk
Monday, January 23, 2012
In the News

Taleb on Antifragility

by Russ Robertsvia EconTalk
Monday, January 16, 2012
Analysis and Commentary

Be careful what you wish for

by Russ Robertsvia Cafe Hayek
Tuesday, January 10, 2012

As F.A. Hayek observed in The Fatal Conceit: “The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design”...

In the News

Dean Baker on the Crisis

by Russ Robertsvia EconTalk
Monday, January 9, 2012

More on Fannie, Freddie and the Crisis

by Russ Robertsvia Advancing a Free Society
Wednesday, January 4, 2012

In this recent post, I suggested that Wallison and Pinto were wrong in their relentless arguing that Fannie and Freddie caused the financial crisis because of government requirements that F and F

Analysis and Commentary

More on Fannie and Freddie and the crisis

by Russ Robertsvia Cafe Hayek
Tuesday, January 3, 2012

The right argues that the cause of the crisis was that the government made banks (Fannie and Freddie and CRA) buy bad loans. The left argues the government through deregulation let investment banks run amok. Each is partially correct...

In the News

Sumner on Money and the Fed

by Russ Robertsvia EconTalk
Monday, January 2, 2012

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