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

What we’ve learned about Obama (and power)

by Russ Robertsvia Cafe Hayek
Wednesday, May 4, 2011

Go back to the campaign of 2008, McCain (remember him?) and Obama...

In the News

Papola on the Keynes Hayek Rap Videos

by Russ Robertsvia EconTalk
Monday, May 2, 2011
Analysis and Commentary

Keynes and central planning

by Russ Robertsvia Cafe Hayek
Sunday, May 1, 2011

Barkley Rosser at EconoSpeak says John Papola and I have accused Keynes of having “a central plan” in our rap video...There’s only one problem with all this and that’s that the accusation against us is something of a straw man...

Analysis and Commentary

The Fight of the Century

by Russ Robertsvia Cafe Hayek
Thursday, April 28, 2011

My second rap video with John Papola is now live. Please spread it wide and far...

Fight of the Century: Keynes vs. Hayek Round Two

by Russ Robertsvia Advancing a Free Society
Thursday, April 28, 2011

Produced by John Papola and Russ Roberts.

In the News

Rubinstein on Game Theory and Behavioral Economics

by Russ Robertsvia EconTalk
Monday, April 25, 2011
In the News

Munger on Microfinance, Savings, and Poverty

by Russ Robertsvia EconTalk
Monday, April 18, 2011
Analysis and Commentary

The housing boom and bust

by Russ Robertsvia Cafe Hayek
Wednesday, April 13, 2011

Here is an updated version of Case-Shiller’s housing index for the country. It is of course somewhat misleading because there is not a national housing market. But it does capture factors that affect all housing markets...

Analysis and Commentary

The housing boom and bust, part 2

by Russ Robertsvia Cafe Hayek
Wednesday, April 13, 2011

The role of government in the housing market goes back decades to the deductibility of mortgage interest, FDIC insurance, and the creation of Fannie Mae. But those interventions...weren’t the cause of the crisis. You have to find a change in government policy...

In the News

Rodrik on Globalization, Development, and Employment

by Russ Robertsvia EconTalk
Monday, April 11, 2011

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