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

Pulling back the curtain

by Russ Robertsvia Cafe Hayek
Thursday, July 7, 2011

The lesson here is how easy it is to get what you want politically by making the issue one of safety or the children...

Analysis and Commentary

Unemployment and education

by Russ Robertsvia Cafe Hayek
Tuesday, July 5, 2011

Every level of education has a higher unemployment rate than before. But it seems that the least educated have the worst time and that the effect is much greater than in the recession of 2001...

In the News

Skeel on Bankruptcy and the Auto Industry Bailout

by Russ Robertsvia EconTalk
Monday, July 4, 2011

Obama and manufacturing

by Russ Robertsvia Advancing a Free Society
Thursday, June 30, 2011

President Obama spoke in Iowa the other day about the economy. In a sense, it was the launching of the re-election campaign. I thought it might be interesting to evaluate the economics and see what he thinks is going to be effective politically.

Analysis and Commentary

Obama and manufacturing

by Russ Robertsvia Cafe Hayek
Wednesday, June 29, 2011

President Obama spoke in Iowa the other day about the economy. In a sense, it was the launching of the re-election campaign. I thought it might be interesting to evaluate the economics and see what he thinks is going to be effective politically...

In the News

Otteson on Adam Smith

by Russ Robertsvia EconTalk
Monday, June 27, 2011

Obama vs. ATMs: Why Technology Doesn’t Destroy Jobs

by Russ Robertsvia Advancing a Free Society
Wednesday, June 22, 2011

The story goes that Milton Friedman was once taken to see a massive government project somewhere in Asia. Thousands of workers using shovels were building a canal. Friedman was puzzled. Why weren't there any excavators or any mechanized earth-moving equipment?

Analysis and Commentary

Obama vs. ATMs: Why Technology Doesn't Destroy Jobs

by Russ Robertsvia Wall Street Journal
Wednesday, June 22, 2011

Doing more with less is what economic growth is all about...

In the News

Buchholz on Competition, Stress, and the Rat Race

by Russ Robertsvia EconTalk
Monday, June 13, 2011

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