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 (2014). 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

Hoover launches “The Libertarian” podcast

Russia, Foreign Policy, and Energy

by Richard A. Epsteinvia Defining Ideas
Thursday, March 13, 2014

Richard Epstein considers the recent Russian invasion of Ukraine and whether US energy policy can reduce Moscow’s global power.

Analysis and Commentary

Our Property Principle

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, March 11, 2014

March 10, 2014

Our Property Principle

by Richard A. Epsteinvia Defining Ideas
Monday, March 10, 2014

Progressives and conservatives often forget what lies at the heart of America's Constitution.

Analysis and Commentary

When Our Government Commits Fraud

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, March 4, 2014

March 3, 2014

Hoover launches “The Libertarian” podcast

Gay Rights, Religious Liberty, and Arizona

by Richard A. Epsteinvia Defining Ideas
Monday, March 3, 2014

Richard Epstein discusses Arizona’s controversial religious liberty bill and the latest developments in the legal fights surrounding gay marriage.

When Our Government Commits Fraud

by Richard A. Epsteinvia Defining Ideas
Monday, March 3, 2014

The executive branch has behaved duplicitously in its dealings with Fannie and Freddie’s private shareholders.

Analysis and Commentary

Minimum Wage Hype

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, February 25, 2014

February 24, 2014

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Epstein on the John Batchelor Show: “it’s a sensible effort to salvage as much of the pensions as we can without bankrupting the city”

by Richard A. Epsteinvia John Batchelor Show
Monday, February 24, 2014

Hoover senior fellow Richard Epstein discusses municipal bankruptcy and pensions on the John Batchelor Show. Topics include defined benefits versus defined contributions, pension reform in San Jose, and the unionization vote in Chattanooga.

Minimum Wage Hype

by Richard A. Epsteinvia Defining Ideas
Monday, February 24, 2014

The White House wants sharp increases, but that—on top of Obamacare—will kill jobs.

Hoover launches “The Libertarian” podcast

Chattanooga, Volkswagen, and the Future of Unions

by Richard A. Epsteinvia Defining Ideas
Monday, February 24, 2014

Richard Epstein looks at the United Auto Workers’ failure to unionize a Volkswagen plant in Tennessee and what it means for the future of labor.

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