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

Hoover and DeLong

by Russ Robertsvia Advancing a Free Society
Friday, August 5, 2011

Brad DeLong points out that Hoover vetoed increased spending on veterans in 1931, then Congress overrode the veto. So Brad asks:

Analysis and Commentary

Hoover and DeLong

by Russ Robertsvia Cafe Hayek
Thursday, August 4, 2011

The title of DeLong’s post is “Fiscal Policy During the Great Depression.” Which is what I’m interested in. I’m interested in what happened to overall spending...

Analysis and Commentary

Entitlement reform would indicate maturity

by Russ Robertsvia Great Debate (Reuters)
Wednesday, August 3, 2011

Serious entitlement reform that reduces the long-run budget pressure would indicate maturity. That’s a better strategy than spending more money in the short run...

In the News

Admati on Financial Regulation

by Russ Robertsvia EconTalk
Monday, August 1, 2011
Analysis and Commentary

The aftermath

by Russ Robertsvia Cafe Hayek
Monday, August 1, 2011

One of the complaints this morning after the debt deal is that we won’t be able to “stimulate” the economy any more. Yet, there is no evidence that the stimulus worked...

Interviews

Hennessey on the Debt Ceiling and the Budget Process

by Russ Roberts with Keith Hennesseyvia EconTalk
Monday, July 25, 2011

Keith Hennessey of Stanford University's Hoover Institution talks with EconTalk host Russ Roberts about the debt ceiling and the budget process...

Interviews

Taylor on Fiscal and Monetary Policy

by Russ Roberts with John B. Taylorvia EconTalk
Monday, July 18, 2011

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the state of the economy and the prospects for recovery...

Analysis and Commentary

Keynes vs. Reality-2

by Russ Robertsvia Cafe Hayek
Thursday, July 14, 2011

In this earlier post, I noted this 1943 Paul Samuelson prediction...

In the News

Banerjee on Poverty and Poor Economics

by Russ Robertsvia EconTalk
Monday, July 11, 2011

Pulling back the curtain

by Russ Robertsvia Advancing a Free Society
Friday, July 8, 2011

Every once in a while, a news story comes along that lets you see how the world really works. After NAFTA was passed 17 years ago, one provision was never implemented fully–the ability of Mexican trucking firms to operate in the US.

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