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

The Incorrigible President Obama

by Richard A. Epsteinvia Defining Ideas
Monday, December 9, 2013

A rehash of failed progressive policies will not return the United States to greatness.

Analysis and Commentary

Rep. Goodlatte's Patent Reform Will Smother Technological Innovation

by Richard A. Epsteinvia Forbes.com
Thursday, December 5, 2013

One of the most common villains today is the patent troll.

Hoover launches “The Libertarian” podcast
Blank Section (Placeholder)Blank Section (Placeholder)Analysis and Commentary

The Classical Liberal Constitution

by Richard A. Epsteinvia The Libertarian
Tuesday, December 3, 2013

Richard Epstein previews his new book with a discussion about what both conservatives and liberals misunderstand about the Constitution.

Blank Section (Placeholder)Analysis and Commentary

The Classical Liberal Constitution

by Richard A. Epsteinvia Defining Ideas
Monday, December 2, 2013

Both progressives and conservatives fundamentally misunderstand our most important founding document.

Hoover launches “The Libertarian” podcast

The Future of the Federal Reserve

by Richard A. Epsteinvia Defining Ideas
Tuesday, November 26, 2013

Richard Epstein discusses whether the Federal Reserve should abandon the dual mandate to contain both inflation and unemployment.

Analysis and Commentary

Janet Yellen’s Challenge

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, November 26, 2013

November 25, 2013

Janet Yellen’s Challenge

by Richard A. Epsteinvia Defining Ideas
Monday, November 25, 2013

The new Fed Chair’s role is not to create jobs, but to focus on monetary policy.

Hoover launches “The Libertarian” podcast

Obamacare's Death Spiral

by Richard A. Epsteinvia Defining Ideas
Tuesday, November 19, 2013

Richard Epstein describes what the newest failures of Obamacare mean for the program's future.

Analysis and Commentary

Obamacare’s Death Spiral

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, November 19, 2013

November 18, 2013

Obamacare’s Death Spiral

by Richard A. Epsteinvia Defining Ideas
Monday, November 18, 2013

Striking the law down will be an act of mercy for the American people.

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