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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Analysis and Commentary

Janine Barchas On The Lost Books Of Jane Austen

by Russ Robertsvia EconTalk
Monday, January 20, 2020

Author and professor Janine Barchas of the University of Texas talks about her book, The Lost Books of Jane Austen, with EconTalk host Russ Roberts. The conversation explores Austen's enduring reputation, how the cheap reprints of her work allowed that reputation to thrive, the links between Shakespeare and Austen, how Austen has thrived despite the old-fashioned nature of her content, Colin Firth's shirt, and the virtue of studying literature.

Analysis and Commentary

Adam Minter On Secondhand

by Russ Robertsvia EconTalk
Monday, January 13, 2020

Journalist and author Adam Minter talks about his book Secondhand with EconTalk host Russ Roberts. Minter explores the strange and fascinating world of secondhand stuff--the downsizing that the elderly do when they move to smaller quarters, the unseen side of Goodwill Industries, and the global market for rags.

Analysis and Commentary

Melanie Mitchell On Artificial Intelligence

by Russ Robertsvia EconTalk
Monday, January 6, 2020

Computer Scientist and author Melanie Mitchell of Portland State University and the Santa Fe Institute talks about her book Artificial Intelligence with EconTalk host Russ Roberts. Mitchell explains where we are today in the world of artificial intelligence (AI) and where we might be going. Despite the hype and excitement surrounding AI, Mitchell argues that much of what is called "learning" and "intelligence" when done by machines is not analogous to human capabilities. 

Analysis and CommentaryEconomy

Kimberly Clausing On Open And The Progressive Case For Free Trade

by Russ Robertsvia EconTalk
Monday, December 30, 2019

Economist and author Kimberly Clausing of Reed College talks about her book Open with EconTalk host Russ Roberts. Clausing, a self-described progressive, argues that the United States should continue to embrace free trade but she argues for other interventions to soften the impact of trade on workers and communities.

Analysis and Commentary

Joe Posnanski On The Life and Afterlife Of Harry Houdini

by Russ Robertsvia EconTalk
Monday, December 23, 2019

Journalist and author Joe Posnanski talks about his book, The Life and Afterlife of Harry Houdini, with EconTalk host Russ Roberts. Posnanski explores the enduring fame of Houdini who remains an iconic cultural figure almost a century after his death.

Analysis and Commentary

Come From Away

by Russ Robertsvia Medium
Saturday, December 21, 2019

I recently saw the musical Come From Away for the second time. It’s a musical about 9/11, when 38 planes were re-routed to a small town in Newfoundland, a town called Gander with a population of 9000 because US air space was closed. Suddenly, unexpectedly, 7000 people showed up needing a place to sleep and needing food and phones, love and kindness, and more.

Analysis and Commentary

Binyamin Appelbaum On The Economists' Hour

by Russ Robertsvia EconTalk
Monday, December 16, 2019

Journalist and author Binyamin Appelbaum of the New York Times talks about his book, The Economists' Hour, with EconTalk host Russ Roberts. Appelbaum blames the triumph of free-market ideology for the rise in inequality and the decline in growth rates over the last half-century. The result is a lively, civil conversation about the economic events over that time period and the role of economists in changing economic policy.

FeaturedEconomy

Terry Moe On Educational Reform, Katrina, And Hidden Power

by Russ Roberts interview with Terry M. Moevia EconTalk
Monday, December 9, 2019

Political Scientist and author Terry Moe of Stanford University talks about his book, The Politics of Institutional Reform with EconTalk host Russ Roberts. Moe explores the politics and effectiveness of educational reform in the New Orleans public school system in the aftermath of Hurricane Katrina. Moe finds that policy-makers turned to charter schools for pragmatic reasons and students enjoyed dramatic improvements in educational outcomes as a result.

Analysis and Commentary

Gerd Gigerenzer On Gut Feelings

by Russ Robertsvia EconTalk
Monday, December 2, 2019

Psychologist and author Gerd Gigerenzer of the Max Planck Institute for Human Development talks about his book Gut Feelings with EconTalk host Russ Roberts. Gigerenzer argues for the power of simple heuristics--rules of thumb--over more complex models when making real-world decisions. He argues that many results in behavioral economics that appear irrational can be understood as sensible ways of coping with complexity.

Analysis and Commentary

Susan Mayer On What Money Can't Buy

by Russ Robertsvia EconTalk
Monday, November 25, 2019

Sociologist Susan Mayer of the University of Chicago talks about her book What Money Can't Buy with EconTalk host Russ Roberts. Mayer reports on her research which found that giving poor parents money had little measured effect on improving the lives of their children. She emphasizes the importance of accurately understanding the challenges facing children in poverty if the goal is to actually help them. 

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