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

Rules by Insiders, for Insiders

by Russ Robertsvia Advancing a Free Society
Friday, September 30, 2011

The most important thing to understand about the Basel III regulations is that you don’t understand them.

Analysis and Commentary

Elizabeth Warren and the Blessings of Government

by Russ Robertsvia Wall Street Journal
Thursday, September 29, 2011

If the state stuck to public goods like roads, police and education, we might feel better about paying our taxes...

Analysis and Commentary

Rules by Insiders, for Insiders

by Russ Robertsvia Room for Debate (New York Times)
Wednesday, September 28, 2011

Part of the reason you don’t understand Basel III (or Basel II or Basel I) is because international finance has its own language, and international finance is a little bit complicated. But the main reason you don’t understand them is because you’re not meant to...

In the News

Rosenberg on the Nature of Economics

by Russ Robertsvia EconTalk
Monday, September 26, 2011
Analysis and Commentary

My challenge to Tyler

by Russ Robertsvia Cafe Hayek
Tuesday, September 20, 2011

You hear this claim about median income all the time (and you are going to hear a lot more between now and November 2012) and I do not understand it. What is it supposed to mean...?

In the News

Garett Jones on Stimulus

by Russ Robertsvia EconTalk
Monday, September 19, 2011
Analysis and Commentary

Stop Coddling the Financial Sector

by Russ Robertsvia Room for Debate (New York Times)
Monday, September 19, 2011

For the last 25 years, Washington politicians and policy makers have consistently cushioned the market forces that would have punished executives at large financial institutions...

Analysis and Commentary

Political reality overtakes principles so winner won’t matter

by Russ Robertsvia Boston Globe
Saturday, September 17, 2011

Who wins the election of 2012 will matter. But it’s not likely it matters nearly as much as the partisan fever suggests. My advice is to be less partisan. Care less about who wins. That will soften the blow when your favorite candidate or party betrays you in response to political reality...

In the News

Frank on Competition, Government, and Darwin

by Russ Robertsvia EconTalk
Monday, September 12, 2011

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