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

Everything that’s wrong with macroeconomics

by Russ Robertsvia Cafe Hayek
Thursday, September 8, 2011

This quote from the New York Times article on the president’s speech, highlights everything wrong with macroeconomics as practiced in the public domain...

Analysis and Commentary

My druthers

by Russ Robertsvia Cafe Hayek
Tuesday, September 6, 2011

My preferred policy is to eliminate both [Social Security and Medicare] and treat adults like adults...But if we end up keeping some form of Social Security and Medicare, means-testing is the right way to go...

In the News

Winston on Lawyers

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

I’m from the federal family and I’m here to help you

by Russ Robertsvia Cafe Hayek
Thursday, September 1, 2011

The government has neither the information nor the incentives to allocate goods wisely in the face of a shortage or a catastrophe. It should do less leaning forward and more sitting back...

Analysis and Commentary

The Microeconomics of the Broken Window Fallacy

by Russ Robertsvia Cafe Hayek
Tuesday, August 30, 2011

The usual point is that the money has to come from somewhere–we see the repaired window but ignore the things that don’t get built or bought. But I think a better way to tell the story is to point out that the RESOURCES have to come from somewhere...

Interviews

Hanushek on Teachers

by Russ Roberts with Eric Hanushekvia EconTalk
Monday, August 29, 2011

Eric Hanushek of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the importance of teacher quality in education...

In the News

O'Donohoe on Potato Chips and Salty Snacks

by Russ Robertsvia EconTalk
Monday, August 22, 2011
Analysis and Commentary

Economic Ignorance

by Russ Robertsvia Cafe Hayek
Sunday, August 21, 2011

Nothing captures the state of economic education in America like the debate over Rick Perry’s job creation abilities...

Interviews

Brady on the Electorate and the Elections of 2010 and 2012

by Russ Roberts with David Bradyvia EconTalk
Monday, August 15, 2011

David Brady of Stanford University talks with EconTalk host Russ Roberts about the lessons of the election of 2010 and what we might expect from the elections of 2012...

Interviews

Satz on Markets

by Russ Robertsvia EconTalk
Monday, August 8, 2011

Debra Satz, Professor of Philosophy at Stanford University, talks with EconTalk host Russ Roberts about her book, Why Some Things Should Not Be For Sale: The Moral Limits of the Market...

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