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.

Filter By:

Topic

Type

Recent Commentary

Analysis and Commentary

The Minimum Conditions for a Sound Energy Policy

by Richard A. Epsteinvia Advancing a Free Society
Sunday, April 3, 2011

The point here is not that biofuels are useless. Rather, the critical point is that no matter how useful they are, they are not worth a subsidy...

The Minimum Conditions for a Sound Energy Policy

by Richard A. Epsteinvia Advancing a Free Society
Sunday, April 3, 2011

President Obama’s Georgetown energy speech on this March 30th offers yet further confirmation why he will never be able to lead this nation to a sound energy policy. His key mistake is always to personalize issues that can only be understood in institutional terms.

Union Made

by Richard A. Epsteinvia Hoover Digest
Tuesday, March 29, 2011

To bring government budgets back down to earth, first puncture those inflated labor contracts. By Richard A. Epstein.

Obama's deck of cards

The Audacity of Gimmicks

by Richard A. Epstein, Nick Gillespievia Hoover Digest
Tuesday, March 29, 2011

Hoover fellow Richard A. Epstein knew Barack Obama when he was teaching at the University of Chicago. Obama has the right temperament for intellectual poker, Epstein believes, but is stuck with a bad hand. By Nick Gillespie.

Stop the Football Merry-Go-Round

by Richard A. Epsteinvia Defining Ideas
Tuesday, March 29, 2011

NFL players want it both ways—to bargain under the best parts of labor and antitrust law.

In the News

The Road to Nuclear Hell

by Richard A. Epsteinvia Defining Ideas (Hoover Institution)
Tuesday, March 22, 2011

…is paved with good intentions—and faulty calculations of risk...

Analysis and Commentary

Why is Congress Missing in Action?

by Richard A. Epsteinvia Advancing a Free Society
Tuesday, March 22, 2011

At long last the United States has decided to enter into the fray in Libya, not as a leader, but as a follower...

Why is Congress Missing in Action?

by Richard A. Epsteinvia Advancing a Free Society
Tuesday, March 22, 2011

At long last the United States has decided to enter into the fray in Libya, not as a leader, but as a follower.  The United States has deferred to the United Nations and to Britain and France.  The President seems to have deferred to his Secretary of State.  And, lo, the Congr

The Road to Nuclear Hell

by Richard A. Epsteinvia Advancing a Free Society
Tuesday, March 22, 2011

There is nothing like an undeniable catastrophe to focus attention on the proper way to respond to risk—especially that most elusive form of risk, which involves low frequency and high severity occurrences.

The Road to Nuclear Hell

by Richard A. Epsteinvia Defining Ideas
Tuesday, March 22, 2011

…is paved with good intentions—and faulty calculations of risk.

Pages