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

In the News

Hanson on the Technological Singularity

by Russ Robertsvia EconTalk
Monday, January 3, 2011
Analysis and Commentary

Imperfect, but true

by Russ Robertsvia Cafe Hayek
Monday, January 3, 2011

A few years ago, a journalist I respected asked me if NAFTA had been good for the United States, on net. I told him the question could not be answered empirically...

Analysis and Commentary

Robin Hanson on the technological singularity

by Russ Robertsvia Cafe Hayek
Monday, January 3, 2011

This week’s EconTalk is Robin Hanson talking about the technological singularity–the possibility that a new era of technological improvement is around the corner that will make the current level of growth look primitive...

Analysis and Commentary

Mass prosperity

by Russ Robertsvia Cafe Hayek
Thursday, December 16, 2010

Some innovation was created by the government, though perhaps not cost-effectively. but most innovations have been driven by the potential for profit combined with a love of creating...

Analysis and Commentary

Do Estate Taxes Matter? A Moral Problem

by Russ Robertsvia Room for Debate (New York Times)
Thursday, December 16, 2010

I don't like the estate tax on moral grounds. It's wrong for the government to tax people twice, once when they earn the money and once when they give it away, if the giving away is done after death, an arbitrary and unpredictable deadline...

Analysis and Commentary

For the children?

by Russ Robertsvia Cafe Hayek
Wednesday, December 15, 2010

First, education is not a national priority. It’s my priority to take care of my four children. But more importantly, please Mr. Van Hollen, give me just the tiniest bit of evidence that your concern for education actually does something for the children...

In the News

Abdallah on Hair and Running a Small Business

by Russ Robertsvia EconTalk
Monday, December 13, 2010

Tax cuts for the rich

by Russ Robertsvia Advancing a Free Society
Thursday, December 9, 2010

A few observations on extending the Bush tax cuts:

1. The action is not a tax cut for the middle class or the rich. It is a decision not to raise taxes. It is only a two year rather than a permanent extension so I don’t know if the incentive effects are very large.

Analysis and Commentary

Capital markets vs. Wall St.

by Russ Robertsvia Cafe Hayek
Thursday, December 9, 2010

Yes, “deep, broad and efficient capital markets are a crictical pillar in the free market system.” That’s why I worry we don’t have a free market system...

Analysis and Commentary

What’s Wrong with Keynes

by Russ Robertsvia Cafe Hayek
Wednesday, December 8, 2010

[This is] the latest version of my thoughts on Keynesian stimulus, the idea that spending creates prosperity or supports our economy or rescues it from the doldrums...

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