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

Robert Samuelson misunderstands

by Russ Robertsvia Cafe Hayek
Tuesday, February 1, 2011

Writing in The Wilson Quarterly, Samuelson weighs the left and the right’s explanations of the crisis and finds them both wanting...But Samuelson misunderstands the important difference between creditors and equity holders...

In the News

Deer on Autism, Vaccination, and Scientific Fraud

by Russ Robertsvia EconTalk
Monday, January 31, 2011
Analysis and Commentary

Stagnation or mismeasurement?

by Russ Robertsvia Cafe Hayek
Tuesday, January 25, 2011

Tyler has a new mini-book out on stagnation where he accepts the idea that median income has been growing very slowly for the last 40 years relative to earlier times. One challenge to this claim is that prices are mismeasured...

Analysis and Commentary

A thought experiment

by Russ Robertsvia Cafe Hayek
Friday, January 21, 2011

In recent decades, China has become more integrated with the world economy. Has that been a good thing or a bad thing...?

Analysis and Commentary

The Crazy Housing Market

by Russ Robertsvia Cafe Hayek
Wednesday, January 19, 2011

[W]hen we talk about why the housing went crazy between 1997 and 2007, let’s not stick with interest rates, capital flows, and animal spirits. Let’s remember the role of bad economic policy in the housing market and the financial sector...

Analysis and Commentary

Corrupt cronies

by Russ Robertsvia Cafe Hayek
Tuesday, January 18, 2011

What we are living through now is the continuing of the looting process. Get the government out of the banking business. The process is corrupt. The cronies are winning. You and I are losing...

In the News

Caldwell on Hayek

by Russ Robertsvia EconTalk
Monday, January 10, 2011
Analysis and Commentary

Scientism

by Russ Robertsvia Cafe Hayek
Monday, January 10, 2011

In one sense, who cares if [economics] isn’t like physics? The problem is that too many economists and others treat it as if it were like physics. And most of these applications are silly, non-scientific and meaningless...

Analysis and Commentary

What is economics good for?

by Russ Robertsvia Cafe Hayek
Wednesday, January 5, 2011

In three recent posts, I have argued that macroeconomics is deeply flawed and not a science. Or at least not scientific in the conventional sense of the word. Let me try to make my claims a little more precise and react to some of the comments...

Analysis and Commentary

The Test

by Russ Robertsvia Cafe Hayek
Tuesday, January 4, 2011

Suppose the economy does well this year–growth is robust and unemployment falls. What is the reason for the improvement...?

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