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

A bad week for PK

by Russ Robertsvia Cafe Hayek
Friday, January 15, 2010

First this spectacular analysis of confusing levels and rates of growth. . . .

In the News

Belongia on the Fed

by Russ Robertsvia EconTalk
Monday, January 11, 2010

Michael Belongia of the University of Mississippi and former economist at the St. Louis Federal Reserve talks with EconTalk host Russ Roberts about the inner workings, politics, and economics of the Federal Reserve. . . .

Analysis and Commentary

Why such extreme leverage?

by Russ Robertsvia Cafe Hayek
Sunday, January 10, 2010

I want to thank Stephan Cost who found this document for me, an analysis by Deloitte and Touche of the 2001 regulation that changed the capital requirements for various types of investments, taking effect on 1/1/2002. . . .

Analysis and Commentary

Capital requirements info, please

by Russ Robertsvia Cafe Hayek
Thursday, January 7, 2010

I am having trouble verifying how the rules regarding capital requirements changed between 2002 and 2004 for financial institutions. . . .

Analysis and Commentary

The Safest Way

by Russ Robertsvia Cafe Hayek
Thursday, January 7, 2010

In light of the breakdown of security procedures resulting in near catastrophe with the underwear bomber, the Obama Administration has announced an expanded no-fly list to reduce future risks to airline travelers. . . .

Analysis and Commentary

The mysterious weight gain

by Russ Robertsvia Cafe Hayek
Tuesday, January 5, 2010

This is from today’s New York Times (and not The Onion). . . .

In the News

Rustici on Smoot-Hawley and the Great Depression

by Russ Robertsvia EconTalk
Monday, January 4, 2010

Thomas Rustici of George Mason University and author of Lessons from the Great Depression talks with EconTalk host Russ Roberts about the impact of the Smoot-Hawley Act on the economy. . . .

Analysis and Commentary

Questions, please

by Russ Robertsvia Cafe Hayek
Friday, January 1, 2010

Planning a podcast with Mike Munger devoted to ten interesting questions, six minutes per question. . . .

Analysis and Commentary

Please give

by Russ Roberts with Robert J. Barro, John B. Taylorvia Cafe Hayek
Tuesday, December 29, 2009

Just a reminder to make a donation to the EconStories project–a web site that will host the rap video I’m working on with John Papola plus much additional material on macro including interviews with Robert Skidelsky, Larry White, John Taylor, Robert Barro, and Joseph Stiglitz. . . .

Analysis and Commentary

Come see me (and the rap video) in Atlanta

by Russ Robertsvia Cafe Hayek
Monday, December 28, 2009

If you’re going to be in Atlanta for the AEA meetings, come see me and come see the world premiere of the Keynes/Hayek rap video. . . .

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