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

I’m not one either, but…

by Russ Robertsvia Cafe Hayek
Wednesday, February 3, 2010

Mark Thoma quotes Bruce Bartlett who quotes a poll that shows Republicans are crazy. . . .

Analysis and Commentary

Frank on Fannie and Freddie

by Russ Robertsvia Cafe Hayek
Tuesday, February 2, 2010

Barney Frank doesn’t know what to do: “I’ve said we should abolish Fannie Mae and Freddie Mac in their current form and come up with a whole new system of housing finance,” said Representative Barney Frank, a Massachusetts Democrat and the chairman of the House Financial Services Committee. . . .

Analysis and Commentary

Obscene

by Russ Robertsvia Cafe Hayek
Tuesday, February 2, 2010

The proposed budget is obscene enough. . . .

Analysis and Commentary

The pygmy shrinks

by Russ Robertsvia Cafe Hayek
Tuesday, February 2, 2010

The U.S. government borrows money easily because we’re the tallest pygmy. . . .

In the News

Larry White on Hayek and Money

by Russ Robertsvia EconTalk
Monday, February 1, 2010

Larry White of George Mason University talks with EconTalk host Russ Roberts about Hayek's ideas on the business cycle and money. . . .

Analysis and Commentary

Barney Frank’s Fantasy World

by Russ Robertsvia Cafe Hayek
Friday, January 29, 2010

At Big Think, they used one of my questions in their interview with Barney Frank: Question: How can Fannie and Freddie be structured to avoid the moral hazard problem and a too-cozy relationship with regulators? . . .

Analysis and Commentary

The state of the labor market

by Russ Robertsvia Cafe Hayek
Thursday, January 28, 2010

Phenomenal charts from the Dallas Fed. . . .

Analysis and Commentary

Hayeku on the state of the union

by Russ Robertsvia Cafe Hayek
Wednesday, January 27, 2010

A hayeku (HT: Ike Pigott for the name and the encouragement) is a haiku from an Hayekian perspective. . . .

Analysis and Commentary

Get the song and the lyrics

by Russ Robertsvia Cafe Hayek
Monday, January 25, 2010

You can get the lyrics and download the song “Fear the Boom and Bust” (the music behind the Keynes/Hayek rap video) at no charge on my website with John Papola, EconStories.tv. . . .

Analysis and Commentary

Keynes vs. Hayek rap video

by Russ Robertsvia Cafe Hayek
Monday, January 25, 2010

More resources including lyrics and a free download of the song are here. . . .

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