Richard A. Epstein

Peter and Kirsten Bedford Senior Fellow
Awards and Honors:
American Academy of Arts and Sciences
Biography: 

Richard A. Epstein, the Peter and Kirsten Bedford Senior Fellow at the Hoover Institution, is the Laurence A. Tisch Professor of Law, New York University Law School, and a senior lecturer at the University of Chicago.

In 2011, Epstein was a recipient of the Bradley Prize for outstanding achievement. In 2005, the College of William & Mary School of Law awarded him the Brigham-Kanner Property Rights Prize.

Epstein researches and writes in a broad range of constitutional, economic, historical, and philosophical subjects. He has taught administrative law, antitrust law, communications law, constitutional law, corporation criminal law, employment discrimination law, environmental law, food and drug law, health law, labor law, Roman law, real estate development and finance, and individual and corporate taxation.

He edited the Journal of Legal Studies (1981–91) and the Journal of Law and Economics (1991–2001).

Epstein’s most recent publication is The Classical Liberal Constitution: The Uncertain Quest for Limited Government (2013). Other books include Design for Liberty: Private Property, Public Administration, and the Rule of Law (2011); The Case against the Employee Free Choice Act (Hoover Institution Press, 2009); Supreme Neglect: How to Revive the Constitutional Protection for Private Property (2008); How the Progressives Rewrote the Constitution (2006); Overdose (2006); and Free Markets under Siege: Cartels, Politics, and Social Welfare (Hoover Institution Press, 2005).

He received a BA degree in philosophy summa cum laude from Columbia in 1964; a BA degree in law with first-class honors from Oxford University in 1966; and an LLB degree cum laude, from the Yale Law School in 1968. Upon graduation he joined the faculty at the University of Southern California, where he taught until 1972. In 1972, he visited the University of Chicago and became a regular member of the faculty the following year.

He has been a senior fellow at the MacLean Center for Clinical Medical Ethics since 1984 and was elected a fellow of the American Academy of Arts and Sciences in 1985. He has been a Hoover fellow since 2000.

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Recent Commentary

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Our Latest Global Warming Scare

by Richard A. Epsteinvia Defining Ideas
Tuesday, October 16, 2018

The new alarmist UN report features bad science and worse economics.

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False Claims For Gender Equality

by Richard A. Epsteinvia Defining Ideas
Tuesday, October 9, 2018

Forcing firms to add more women leaders will not lead to economic growth.

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Administrative Overreach, Enabled By Courts

by Richard A. Epsteinvia Defining Ideas
Tuesday, October 2, 2018

Gorsuch and Kavanaugh are right to challenge the Chevron doctrine.

Herbert Hoover Subject Collection, Envelope BBBB, Hoover Institution Archives
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Jill Lepore’s Slanted Truths

by Richard A. Epsteinvia Defining Ideas
Monday, September 24, 2018

Her uncritical embrace of progressive theory does not survive close examination.

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The Bezos Busters

by Richard A. Epsteinvia Defining Ideas
Monday, September 17, 2018

The antitrust attacks on Amazon are an outdated form of liberal populism.

Analysis and Commentary

Richard Epstein Nails It

by Richard A. Epsteinvia Powerline
Monday, September 17, 2018

I often quip that Richard Epstein is the smartest man in America, or at the very least that I wish I could be half as lucid as he is at his present age (75)—heck, I’d take being half as lucid as he is at my current age. In any case, his contribution to the Politico symposium this morning about the Kavanaugh matter absolutely nails it.

Analysis and Commentary

Jackpot Justice In Texas

by Richard A. Epsteinvia Forbes
Wednesday, September 12, 2018

Tort and Contract law don’t let juries award $706 million in a $10 million case Sometimes small business disputes turn into legal tsunamis. Just that rare of an event happened in Texas when in March, 2018 a San Antonio jury in Bexar County District Court awarded a $706 million verdict for theft of trade secrets in favor of defendant, HouseCanary (HC), who had been sued for $6 million on breach of contract claim by Title Source, Inc.—now Amrock, an affiliate with Quicken Loans.

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Elizabeth Warren’s Corporate Illogic

by Richard A. Epsteinvia The Wall Street Journal
Tuesday, September 11, 2018

American corporate law provides that boards of directors are chosen solely by shareholders, to whom the directors owe an exclusive fiduciary duty to maximize shareholder value. That simple proposition has generated benefits not only for shareholders but also for workers, suppliers, customers, bondholders and communities.

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The Perils Of Compulsory Labor Arbitration

by Richard A. Epsteinvia Defining Ideas
Monday, September 10, 2018

The Supreme Court should stop California before it sets a dangerous national norm.

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The Intellectual Poverty Of The New Socialists

by Richard A. Epsteinvia Defining Ideas
Tuesday, September 4, 2018

Forgetting the lessons of history.

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