Published Sep 20, 2010

Richard Epstein on Regulation

Richard Epstein critiques the complexities of current regulatory frameworks, delving into the adverse effects of Keynesian economic policies and FDA regulations on economic growth and innovation, while questioning the efficacy of judicial review in mitigating these challenges.

Episode Highlights

Topics covered

Episode Highlights

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Dexa/Russ Roberts

Richard Epstein on Regulation

Topics covered

Popular Clips

FDA Controversy

Anxiety and Confidence

The Cost of FDA Regulations

The Limits of Keynesian Theory

The Impact of Litigation

The Perils of Jingoistic Regulation

Economic Stagnation

Shifting Balances

Misguided Regulations

Regulation Debate

Market Failure and Regulation

Fraud and Government Programs

The Economic Impact

The Challenge of Finding the Sweet Spot

Episode Highlights

Economic Theory and Policy

Pharmaceutical Regulation

Regulatory Burdens

Related Episodes

Richard Epstein on Property Rights and Drug Patents

Richard Epstein on the Constitution

Richard Epstein on the Rule of Law

Sam Peltzman on Regulation

Richard Epstein on Legislators vs. Wal-Mart

Casey Mulligan on Vaccines, the Pandemic, and the FDA

Eugene White on Bank Regulation

Richard Epstein on the Economics of Organ Donation

Bruce Yandle on Bootleggers and Baptists

Richard Epstein on Classical Liberalism, Libertarianism, and Lochner

Binyamin Appelbaum on the Economists' Hour

Richard Posner on the Financial Crisis

John Cochrane on Economic Growth and Changing the Policy Debate

Gene Epstein on Gold, the Fed, and Money

Richard Epstein on Happiness, Inequality, and Envy

Richard Epstein on Regulation

Topics covered

Popular Clips

Episode Highlights

Economic Theory and PolicyRichard Epstein critiques Keynesian economics, arguing it lacks a clear framework for balancing regulation and market forces. He also examines the impact of shifting policies and misguided regulations on economic stability.

Economic Theory and Policy

Pharmaceutical RegulationRichard Epstein examines the FDA's regulatory framework and its impact on the pharmaceutical industry. He critiques the agency's cautious approach, highlighting issues like off-label drug use and litigation challenges that hinder innovation.

Pharmaceutical Regulation

Regulatory BurdensRichard Epstein critiques the current regulatory environment, arguing that its unprecedented complexity imposes high costs on the economy. He explores the economic stagnation resulting from these regulations and the uncertain role of judicial review in addressing these challenges.

Regulatory Burdens

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