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

War is bad for children, other living things, and the economy

by Russ Robertsvia Cafe Hayek
Monday, September 6, 2010

That’s the biggest and most dangerous economic myth of all time, the idea that war stimulates the economy. War stimulates the military sector of the economy...

Analysis and Commentary

The sublime and the mundane

by Russ Robertsvia Cafe Hayek
Thursday, September 2, 2010

Here are two videos (one long–45 minutes, one vey short–under two minutes) that make me feel glad to be alive and inspire me...

Russell D. Roberts

Daniel Pink on drive, motivation, and incentives

by Russ Robertsvia EconTalk
Monday, August 30, 2010

In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Daniel Pink, author of Drive, motivation, compensation, drive, and incentives.

Interviews

Daniel Pink on Drive, Motivation, and Incentives

by Russ Robertsvia EconTalk
Monday, August 30, 2010

Daniel Pink, author of Drive, talks with EconTalk host Russ Roberts about drive, motivation, compensation, and incentives. Pink discusses the implications of using monetary rewards as compensation in business and in education...

Analysis and Commentary

DeLong on Hayek on Democracy

by Russ Robertsvia Cafe Hayek
Thursday, August 26, 2010

It is popular to say that democracy is horrible but better than any of the alternatives. I would say that unlimited democracy is horrible and inferior to limits that restrict the power of the state to carry out the will of the majority...

Interviews

Munger on Private and Public Rent-Seeking (and Chilean Buses)

by Russ Robertsvia EconTalk
Monday, August 23, 2010

Mike Munger of Duke University talks with EconTalk host Russ Roberts about private and public rent-seeking...

Analysis and Commentary

Unleashing the power of Keynes

by Russ Robertsvia Cafe Hayek
Friday, August 20, 2010

It turns out that the project that President Obama highlighted the other day–a police station renovation–was not a police station and wasn’t funded by the stimulus package...

Analysis and Commentary

Health insurance for the elderly?

by Russ Robertsvia Cafe Hayek
Wednesday, August 18, 2010

Private insurance for old people in the absence of government intervention is unlikely. The reason is that old people are likely to get sick. The premiums that would make coverage profitable would probably be very high. Would people pay that premium? Probably not...

Analysis and Commentary

Monopoly taxation

by Russ Robertsvia Cafe Hayek
Wednesday, August 18, 2010

The essential tasks of government–the things that government can probably or certainly do more effectively than the private sector–would require a dramatically smaller tax burden than we currently bear...

Analysis and Commentary

What’s wrong with research in the social sciences?

by Russ Robertsvia Cafe Hayek
Tuesday, August 17, 2010

What’s wrong with research in the social sciences? Only two things. How it’s done and how it’s interpreted...

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