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

Nudging us to death

by Russ Robertsvia Cafe Hayek
Monday, November 28, 2011

My biggest problem with nudging people [in the right direction via program design or tax incentives] is that the process could would likely be corrupted via special interests...

The cause of the crisis (and how to prevent the next one)

by Russ Robertsvia Advancing a Free Society
Monday, November 21, 2011

One standard narrative of the cause of the financial crisis coming from people generally on the left is that a free-market ideology blinded policy-makers. They foolishly followed a policy of deregulation that allowed banks to run amok.

In the News

Taubes on Fat, Sugar and Scientific Discovery

by Russ Robertsvia EconTalk
Monday, November 21, 2011
Analysis and Commentary

The cause of the crisis (and how to prevent the next one)

by Russ Robertsvia Cafe Hayek
Saturday, November 19, 2011

One standard narrative of the cause of the financial crisis coming from people generally on the left is that a free-market ideology blinded policy-makers...What this narrative ignores are other government policies that raised the likelihood of irresponsible investing...

In the News

Baumeister on Gender Differences and Culture

by Russ Robertsvia EconTalk
Monday, November 14, 2011
In the News

Kaplan on the Inequality and the Top 1%

by Russ Robertsvia EconTalk
Monday, November 7, 2011
Analysis and Commentary

Breaking news: creditors lose money in MF Global collapse!

by Russ Robertsvia Cafe Hayek
Wednesday, November 2, 2011

The collapse of MF Global, a highly leveraged gambler on Europe’s fate using other people’s money means that those who funded those gambles have lost virtually all of their money...

Analysis and Commentary

Krugman, Keynes, and war

by Russ Robertsvia Cafe Hayek
Monday, October 31, 2011

Krugman writes: First things first: Military spending does create jobs when the economy is depressed...

In the News

Avent on Cities, Urban Regulations, and Growth

by Russ Robertsvia EconTalk
Monday, October 31, 2011
Analysis and Commentary

I don’t understand aggregate demand

by Russ Robertsvia Cafe Hayek
Thursday, October 27, 2011

Does an increase in aggregate demand increase employment? Yes, if by an increase in aggregate demand you mean people buying and selling more from each other where buying and selling includes consumers and manufacturers...

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