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

Seizing control

by Russ Robertsvia Cafe Hayek
Thursday, November 4, 2010

I know, it’s just an expression. But they didn’t seize control. The voters essentially gave the Republicans control...And if the Republicans don’t do a good job, the voters will let the Dems run the House again...

In the News

Quiggin on Zombie Economics

by Russ Robertsvia EconTalk
Monday, November 1, 2010
Analysis and Commentary

Making the world a better place

by Russ Robertsvia Cafe Hayek
Friday, October 29, 2010

Greatness is all around us. It doesn’t come out of Washington. It comes out of you and me and how we live our lives...

In the News

Hazlett on Apple vs. Google

by Russ Robertsvia EconTalk
Monday, October 25, 2010
In the News

Ridley on Trade, Growth, and the Rational Optimist

by Russ Robertsvia EconTalk
Monday, October 18, 2010
In the News

Irwin on the Great Depression and the Gold Standard

by Russ Robertsvia EconTalk
Monday, October 11, 2010
Analysis and Commentary

Does government spending create jobs?

by Russ Robertsvia Cafe Hayek
Friday, October 8, 2010

I was talking to a very bright friend the other day about government spending and Keynes. He said something like, well of course spending on infrastructure creates jobs, it has to...

Analysis and Commentary

A thought experiment

by Russ Robertsvia Cafe Hayek
Friday, October 8, 2010

Talking to my same smart friend about World War II, he said, “Surely World War II created prosperity...

Analysis and Commentary

Austerity or prosperity?

by Russ Robertsvia Cafe Hayek
Thursday, October 7, 2010

When you ask Keynesians for empirical evidence of how government spending creates prosperity, their best and most frequently cited answer is how World War II ended the Depression–a massive, increase in deficit-financed government spending...

Austerity or Prosperity?

by Russ Robertsvia Advancing a Free Society
Thursday, October 7, 2010

When you ask Keynesians for empirical evidence of how government spending creates prosperity, their best and most frequently cited answer is how World War II ended the Depression–a massive, increase in deficit-financed government spending.

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