Russ Roberts
How can values create value? On this podcast, Michael Eisenberg talks with business leaders and venture capitalists to explore the values and purpose behind their businesses, the impact technology can have on humanity, and the humanity behind digitization.
Russ Roberts
Russ Roberts
Russ Roberts
On the 2nd episode of Invested, Michael hosts Russ Roberts, the first trained academic on the show. Russ is the President of Shalem College in Jerusalem and the John and Jean De Nault Research Fellow at Stanford University’s Hoover Institution. Roberts also hosts the weekly podcast EconTalk, which he started in 2006—with 875+ hour-long conversations with interesting thinkers to date, with guests including Marc Andreessen, Milton Friedman, and others. His latest book is Wild Problems: A Guide to the Decisions That Define Us. The book looks at the challenge of making big life decisions–whether to marry, whether to have children, what career path to follow–when there is little analytical evidence to help us. Past books include Gambling With Other People’s Money: How Perverse Incentives Caused the Financial Crisis and How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness. You can find everything Russ Roberts at his website at RussRoberts.info and on Twitter @EconTalker. Please enjoy and rate this episode 5 stars wherever you stream your podcasts! , the first trained academic on the show. Russ is the President of Shalem College in Jerusalem and the John and Jean De Nault Research Fellow at Stanford University’s Hoover Institution. Roberts also hosts the weekly podcast EconTalk, which he started in 2006—with 875+ hour-long conversations with interesting thinkers to date, with guests including Marc Andreessen, Milton Friedman, and others.
His latest book is Wild Problems: A Guide to the Decisions That Define Us. The book looks at the challenge of making big life decisions–whether to marry, whether to have children, what career path to follow–when there is little analytical evidence to help us. Past books include Gambling With Other People’s Money: How Perverse Incentives Caused the Financial Crisis and How Adam Smith Can Change Your Life: An Unexpected Guide to Human Nature and Happiness.
You can find everything Russ Roberts at his website at RussRoberts.info and on Twitter @EconTalker.
Please enjoy and rate this episode 5 stars wherever you stream your podcasts!
[0:00] Do economists know what makes people happy?
[1:46] Introduction[3:48] Productivity in the modern age
[6:00] Work-life balance, notifications, Shabbat
[11:44] Russ’ 12 rules for life
[12:44] Saying “I don’t know”
[15:45] Knowing oneself
[16:53] Is economics important?
[18:44] Tribalism and belonging
[20:54] Economists vs. investors – skin in the game
[25:34] Russ’ book ‘Wild Problems’
[27:33] Risk management vs. uncertainty
[30:33] Marriage
[33:08] Is data helpful in making decisions?
[37:47] Timberland boots
[39:38] Rationality in economic decision making
[43:48] The difficulty of giving good advice
[47:06] Shalem College
[51:51] The economic value of a liberal arts education
[56:01] Restaurant culture in Israel
[1:00:06] What Russ would be if not an economist
[1:00:24] Russ’ rap videos
[1:03:16] Inflation
[1:06:51] Will the EU last?
[1:08:53] How does Russ choose who to interview for EconTalk?
[1:10:46] Parenting and having children[1:18:09] Twitter
[1:19:11] The title of Russ’ biography in 100 years
To learn more about Russ Roberts, visit his website: RussRoberts.info
Follow Russ on Twitter
Subscribe to Russ’ podcast, EconTalk
Learn more about Shalem College
Watch Russ’s rap videos
on John Maynard Keynes and F.A. HayekRead Russ’ book, Wild Problems: A Guide to the Decisions That Define Us
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The Banshees of Inisherin (Imbd)
Michael’s talk at Georgetown on work-life balance (LinkedIn)
Russ Roberts 12 Rules for Life (Medium)
Tribe: On Homecoming and Belonging, by Sebastian Younger (Amazon)
Nassim Nicholas Taleb (Wikipedia)
The Hoover Institution at Stanford UniversityRuss’ EconTalks episode with neuroscientist Patrick House (EconTalk)
The Mary Tyler Moore Show (Wikipedia)
Milton Friedman (Wikipedia)
Russ Roberts on Tim Ferris’ podcast (Tim Ferris blog)
Michael’s book, The Tree of Life and Prosperity (Amazon)
Andy Warhol (Wikipedia)
The Body of Faith, by Michael Wyschogrod (Amazon)
Executive Producer: Erica Marom
Producer: Andrew Jacobson
Video and Editing: Ron Baranov
Music, Art Direction, Invested Logo: Uri Ar
Design: Rony Karadi
