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

Why I’m wrong

by Russ Robertsvia Cafe Hayek
Wednesday, June 2, 2010

In my narrative of the financial crisis, Gambling with Other People’s Money, I argue that excessive leverage was favored by the executives as a way of inflating returns and generating high profits that justified large levels of compensation...

Interviews

Menand on Psychiatry

by Russ Robertsvia EconTalk
Monday, May 31, 2010

Drawing on a recent article of his in the New Yorker, [Louis] Menand talks about the state of knowledge in psychiatry and the scientific basis for making conclusions about mental illness and various therapies...

Interviews

Belsky on Journalism, Editing, and Trivia

by Russ Robertsvia EconTalk
Monday, May 24, 2010

Gary Belsky, Editor-in-Chief at ESPN The Magazine, talks with EconTalk host Russ Roberts about his career path in journalism and the day-to-day life of editing a major American magazine...

Analysis and Commentary

I talk about the crisis

by Russ Robertsvia Cafe Hayek
Monday, May 17, 2010

Having done 13 or so podcasts on the financial crisis, I give my take in the latest episode of EconTalk, drawing on my recent paper, Gambling with Other People’s Money...

Analysis and Commentary

Roberts on the Crisis

by Russ Robertsvia EconTalk
Monday, May 17, 2010

Russ Roberts, host of EconTalk, discusses his paper, "Gambling with Other People's Money: How Perverted Incentives Created the Financial Crisis..."

Analysis and Commentary

The fundamental question

by Russ Robertsvia Cafe Hayek
Thursday, May 13, 2010

James DeLong asks the right question. What has the financial sector contributed that justifies this...

Analysis and Commentary

Two mysteries

by Russ Robertsvia Cafe Hayek
Thursday, May 13, 2010

I really like Barry Ritholtz. I learned a lot from Bailout Nation and from interviewing him. His blog, The Big Picture, is consistently interesting. But there is a mystery about his recent writing on the crisis...

Interviews

Leamer on the State of Econometrics

by Russ Robertsvia EconTalk
Monday, May 10, 2010

Ed Leamer of UCLA talks with EconTalk host Russ Roberts about the state of econometrics. He discusses his 1983 article, "Let's Take the 'Con' Out of Econometrics" and the recent interest in natural experiments as a way to improve empirical work...

Analysis and Commentary

Sitting at the table together

by Russ Robertsvia Cafe Hayek
Wednesday, May 5, 2010

Rescuing Greece isn’t the end of the problem, it’s more akin to the Bear Stearns rescue of March 2008. It’s just the beginning of something that won’t end well...

Analysis and Commentary

Working together

by Russ Robertsvia Cafe Hayek
Wednesday, May 5, 2010

Social security is an intellectually bankrupt system that is on its way to being financially bankrupt...Please, let’s kill the social security system. Slowly, but surely...

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