Richard Epstein

Recent Work

What Do We Mean by the Rule of Law?

'The rule of law' is at once one of the most persistent and mysterious phrases in jurisprudence. I am not aware of anyone who is opposed to the rule of law. Read more

Richard Epstein
New Zealand Business Roundtable
8 September, 2005

Fairness in a Liberal Society

The concept of fairness is both elusive on the one hand and well-nigh indispensable on the other. On particular occasions, I devoutly wish that the word would be eliminated from the English lexicon, which is a bit like hoping to hold back the tides with a wave of the hand. Read more

Richard Epstein
New Zealand Business Roundtable
14 July, 2005

How big should government be?

The question I have been asked to address is ‘How big should government be?’. My temptation is to start with the position that they who govern best govern least. Read more

Richard Epstein
New Zealand Business Roundtable
13 June, 2005

Behavioural Economics

There is a natural cycle in intellectual development. New ideas begin as isolated and idiosyncratic attacks from without. Read more

Richard Epstein
New Zealand Business Roundtable
13 June, 2005

The Uses and Limits of Constitutional Arrangements

The study of constitutional law often begins with a dispute between two different versions of the relationship of the individual to the state. There are those who think that atomistic individuals come together by a set of voluntary contracts, and those who think that societies should be treated as though they are complex organisms that cannot be understood simply as the sum of their parts. Read more

Richard Epstein
New Zealand Business Roundtable
13 June, 2005

A Country is not a Company

One of the most famous statements about the relationship between a company and a state is contained in a remark by Charles E Wilson ('Engine Charlie' of General Motors) when he was being questioned for his appointment as Secretary of Defence in 1953, the early days of the Eisenhower administration. He said that, "for years I thought what was good for our country was good for General Motors and vice versa". Read more

Richard Epstein
New Zealand Business Roundtable
1 June, 2005

The Foreshore and Seabed

On my last visit to New Zealand in 1999 I spoke as an outsider to a sceptical audience on how best to interpret the Treaty of Waitangi.1 I said that one of the great challenges facing a country formed by successive waves of immigrants is to put together disparate norms from rival cultures, each of which has its own distinctive legal understandings as to how the world does or should work. On that occasion I said that I would like to start from a neutral corner, and then proceeded to address several Roman law analogues to the question of prescriptive rights, largely on the basis that the great Roman authors were not influenced by the future events that unfolded in New Zealand. Read more

Richard Epstein
New Zealand Business Roundtable
29 March, 2005

In Defence of the Corporation

In this modern age of global commerce, it seems odd that I have been asked to address the topic 'In defence of the corporation'. Even the most ardent critic of the corporation would not take the position that the corporate form should be dismissed as an ill-conceived venture of modernity so that it would be for the better to be rid of it and return to being a nation of artisans. Read more

Richard Epstein
New Zealand Business Roundtable
17 December, 2004

The Case for a Flat Tax

It is my pleasure to welcome you to what I am certain will be a stimulating address by Richard Epstein, professor of law at the University of Chicago and a senior fellow at the Hoover Institution. This is professor Epstein’s fourth visit to New Zealand. Read more

Richard Epstein
New Zealand Business Roundtable
4 December, 2004

Towards a Regulatory Constitution

The NZBR, in its research, is attempting to take the broadest possible view of the concept of a regulatory constitution. We have analysed many attempts at regulatory reform within countries belonging to the Organisation for Economic Cooperation and Development (OECD), starting with the initiatives of various US presidents in the early 1970s. Read more

Richard Epstein
New Zealand Business Roundtable
1 April, 2000

Telecommunications Regulation

The general question that I have been asked to address is this: how to think about telecommunications regulation. My comparative advantage is not in particular knowledge of the ongoing New Zealand dispute on how heavy- or light-handed telecommunications regulation ought to be, although I have some weak instincts on that subject that I will share with you in due course. Read more

Richard Epstein
New Zealand Business Roundtable
1 April, 2000

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