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

Let’s be honest

by Russ Robertsvia Cafe Hayek
Monday, March 22, 2010

Methinks1776, a valued commenter here at the Cafe points out the 2/3 of the American people opposed the health care legislation. . . .

In the News

Meyer on the Music Industry and the Internet

by Russ Robertsvia EconTalk
Monday, March 22, 2010

Steve Meyer, music industry veteran and publisher of the Disc and Dat Newsletter, talks with EconTalk host Russ Roberts about the evolution of the music industry and the impact of the digital revolution. . . .

Analysis and Commentary

Says it all

by Russ Robertsvia Cafe Hayek
Wednesday, March 17, 2010

Here’s an amazing story from CNN because it’s so ordinary. . . .

Analysis and Commentary

Hayek in Texas

by Russ Robertsvia Cafe Hayek
Tuesday, March 16, 2010

Is Hayek an important enough economist to be taught in Texas schools alongside Keynes and Friedman? . . .

In the News

Don Boudreaux on Public Choice

by Russ Robertsvia EconTalk
Monday, March 15, 2010

Don Boudreaux of George Mason University talks with EconTalk host Russ Roberts about public choice: the application of economics to the political process. . . .

Analysis and Commentary

A Thought Experiment

by Russ Robertsvia Cafe Hayek
Friday, March 12, 2010

One difference between economists and others is that economists tend to be less impressed by motivation and more impressed by what people actually do. . . .

Analysis and Commentary

Measuring Stimulus

by Russ Robertsvia Cafe Hayek
Wednesday, March 10, 2010

In this post, I disagreed with Menzie Chinn and argued that CBO estimates of the impactof the stimulus are not estimates. . . .

Analysis and Commentary

CBO estimates

by Russ Robertsvia Cafe Hayek
Monday, March 8, 2010

Menzie Chinn invokes the CBO “estimates” to argue against those who say the stimulus didn’t work. . . .

Analysis and Commentary

Insidious

by Russ Robertsvia Cafe Hayek
Monday, March 8, 2010

Daniel Kuehn comments on this post about how United States Sugar used environtalism to exploit the taxpayer: From a purely environmental perspective, the move does make a lot of sense. . . .

In the News

Newman on Low-wage Workers

by Russ Robertsvia EconTalk
Monday, March 8, 2010

Katherine Newman, Professor of Sociology at Princeton University, talks with EconTalk host Russ Roberts about Newman's case studies of fast-food workers in Harlem. . . .

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