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

The “s” word

by Russ Robertsvia Cafe Hayek
Tuesday, September 14, 2010

I want to point out once more that the estimates of the effect of the stimulus are not estimates. They are really just projections...

Why inequality is a red herring

by Russ Robertsvia Advancing a Free Society
Monday, September 13, 2010

Inequality is a red herring. Or maybe a poisonous herring. It is the symptom, not a disease, and misunderstanding it leads to bad medicine.

Interviews

de Botton on the Pleasures and Sorrows of Work

by Russ Robertsvia EconTalk
Monday, September 13, 2010

Author Alain de Botton talks with EconTalk host Russ Roberts about his latest book, The Pleasures and Sorrows of Work...

Analysis and Commentary

Does spending create prosperity?

by Russ Robertsvia Cafe Hayek
Monday, September 13, 2010

In times when there is high unemployment, spending should create demand. Any kind of spending...

Analysis and Commentary

Why inequality is a red herring

by Russ Robertsvia Cafe Hayek
Monday, September 13, 2010

Would the world be a better place if JK Rowling hadn’t dared to write the Harry Potter series...? Would the world be a better place without LeBron James? All of these people create inequality. They also make the world a better place...

Analysis and Commentary

Standard Economics May Not Apply

by Russ Robertsvia Room for Debate (New York Times)
Wednesday, September 8, 2010

Measures that might spur investment in normal times won't necessarily work now...

Russell D. Roberts

Kling on knowledge, power, and Unchecked and Unbalanced

by Russ Robertsvia EconTalk
Tuesday, September 7, 2010

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Arnold Kling of EconLog and author of Unchecked and Unbalanced, the relationship between knowledge and power.

Analysis and Commentary

Whose fault was it?

by Russ Robertsvia Cafe Hayek
Tuesday, September 7, 2010

Paul Krugman and Robin Wells writing in the New York Review of Books criticize Raghuram Rajan for believing that government policy bears a lot of responsibility for the housing crisis...

Analysis and Commentary

Educational “reform”

by Russ Robertsvia Cafe Hayek
Tuesday, September 7, 2010

[W]hat “reform” at the national level has a chance to succeed if [certain] realities do not change...?

Interviews

Kling on Knowledge, Power, and Unchecked and Unbalanced

by Russ Robertsvia EconTalk
Monday, September 6, 2010

Arnold Kling of EconLog and author of Unchecked and Unbalanced, talks with EconTalk host Russ Roberts about the book and the relationship between knowledge and power...

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