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

Today vs. tomorrow

by Russ Robertsvia Cafe Hayek
Thursday, July 22, 2010

Harry Reid asks: “Isn’t it a good thing today in America that we have an automobile manufacturing sector?" Maybe. Certainly it’s a bad thing today to subsidize mediocre companies (GM, Chrysler) making it harder for others (Ford) to thrive...

Interviews

Taylor on the State of the Economy

by Russ Roberts with John B. Taylorvia EconTalk
Monday, July 19, 2010

John Taylor of Stanford University talks with EconTalk host Russ Roberts about the state of the economy. Is the economy recovering? What policies have helped and hurt..?

Analysis and Commentary

What went wrong–a narrative is born

by Russ Robertsvia Cafe Hayek
Monday, July 19, 2010

So how will the Keynesians explain the failure of the Obama stimulus spending..?

Analysis and Commentary

Woulda coulda shoulda

by Russ Robertsvia Cafe Hayek
Friday, July 16, 2010

When I read Thoma I think of the Shel Silverstein poem,Woulda-Coulda-Shoulda...

Analysis and Commentary

Persistent unemployment

by Russ Robertsvia Cafe Hayek
Friday, July 16, 2010

Greg Mankiw looks at unemployment and sees something scary. I agree...

Analysis and Commentary

Macro Thought Experiment II

by Russ Robertsvia Cafe Hayek
Friday, July 16, 2010

Here’s another macro thought experiment. A government economist notices that 25% of the job losses in the economy are from the construction sector. To help speed the recovery in the job market and reduce unemployment...

Analysis and Commentary

The Greek part of Oakland

by Russ Robertsvia Cafe Hayek
Wednesday, July 14, 2010

I noted the other day that the average (the average!) cost to the city of Oakland of employing a police officer is $188,000 and that the city was negotiating for concessions to avoid layoffs. Today comes the news that they couldn’t agree–80 Oakland police officers have been laid off...

The Greek part of Oakland

by Russ Robertsvia Advancing a Free Society
Wednesday, July 14, 2010

I noted the other day that the average (the average!) cost to the city of Oakland of employing a police officer is $188,000 and that the city was negotiating for concessions to avoid layoffs.

Analysis and Commentary

Sticky (and very high)

by Russ Robertsvia Cafe Hayek
Tuesday, July 13, 2010

Both Arnold Kling and I (and probably a few million other people) have wondered why it was necessary for Federal money to be given to the states and cities to prevent job losses...

Sticky (and very high)

by Russ Robertsvia Advancing a Free Society
Tuesday, July 13, 2010

Both Arnold Kling and I (and probably a few million other people) have wondered why it was necessary for Federal money to be given to the states and cities to prevent job losses.

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