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

Lehman

by Russ Robertsvia Advancing a Free Society
Wednesday, December 14, 2011

I hope I find the time to comment more fully on this recent column in the WaPo by Robert Samuelson defending the Fed. But for now, let me pull out one paragraph:

Analysis and Commentary

Hayek’s Gift

by Russ Robertsvia Cafe Hayek
Tuesday, December 13, 2011

Here are 90 seconds of conversation between Keynes and Hayek announcing the opportunity to buy some Keynes/Hayek paraphernalia...

Analysis and Commentary

Lehman

by Russ Robertsvia Cafe Hayek
Tuesday, December 13, 2011

Correlation is not causation. A lot of bad things happened after Lehman failed. But there is little evidence that letting Lehman fail caused those bad things...

In the News

Munger on Profits, Entrepreneurship, and Storytelling

by Russ Robertsvia EconTalk
Monday, December 12, 2011
Analysis and Commentary

Reason #1 why Newt Gingrich is a little bit frightening

by Russ Robertsvia Cafe Hayek
Thursday, December 8, 2011

Reason #1 comes from a blog post by Josh Barro who digs up this interview with Gingrich. It’s not exactly an interview. It was conducted by Freddie Mac (whatever that means) and posted on Freddie Mac’s website...

Analysis and Commentary

What’s worse than an apocalypse?

by Russ Robertsvia Cafe Hayek
Wednesday, December 7, 2011

If the threat of banks taking a haircut risks the apocalypse, then we may as well admit the game is over. Just give the banks our wallets and checkbooks and go home. It’s the end of capitalism and the end of democracy. I’d prefer an apocalypse...

Analysis and Commentary

F.A. Hayek, economist

by Russ Robertsvia Cafe Hayek
Tuesday, December 6, 2011

Was Hayek an important macroeconomist? I would argue that the macroeconomic skepticism of the later Hayek is more valuable than the macroeconomic theorizing of the early Hayek...

In the News

Cowen on the European Crisis

by Russ Robertsvia EconTalk
Monday, December 5, 2011
Analysis and Commentary

Even less precise

by Russ Robertsvia Cafe Hayek
Wednesday, November 30, 2011

CBO “estimates” of the effect of stimulus on employment in the the third quarter of 2011 are even less precise than earlier ones...

In the News

Simon Johnson on the Financial Crisis

by Russ Robertsvia EconTalk
Monday, November 28, 2011

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