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About Richard S. Markovits

I have a Ph.D. in economics from the London School of Economics (where I specialized in Industrial Organization and Welfare Economics), a J.D. from Yale, and substantial training in moral philosophy. I have taught in the economics faculties of Yale University, Cornell University, and the Technical University of Berlin and have also given series of lectures in the Masters in Economic Regulation program of the Free University, Berlin. More specifically, I have taught Micro-Economics, Antitrust Economics, Welfare Economics, and Public Finance in these economics programs. I have also taught in the law faculties of Stanford University, the University of Texas, the University of Konstanz (Germany), Hamburg University, Bremen University, Humboldt University (Berlin, Germany), Fordham University, Brooklyn College, and the University of Santa Clara and have given a series of lectures in the B.C.L. program at Oxford University. In these law faculties, I have taught courses on Antitrust Law, Constitutional Law, The Economic Efficiency of the Common Law, Economic-Efficiency Analysis, Jurisprudence and Constitutional Law, Legal Ethics, and Legal Scholarship (about the different genres of research that can be done about law).
I have served as the Co-Director of the Centre for Socio-Legal Studies at Wolfson College, Oxford and been a Fellow of Wolfson College. I have also served on the NSF panel on Law and Social Science and the United Kingdom Social Science Research Council panel on Economic Affairs and been a trustee of the Law & Society Association. I have been a Fellow of the Wissenschaftskolleg (Institute of Advanced Study) in Berlin and a Guggenheim Fellow.
My scholarship includes (1) publications on competition theory, pricing-technique theory, and the theory of vertical integration and its contract-clause and sales-policy surrogates, (2) a demonstration of the inevitable arbitrariness of market definitions and studies that develop non-market-oriented protocols for predicting or post-dicting the competitive impact of various types of mergers, joint ventures, and many kinds of non-merger/joint-venture vertical conduct, (3) critiques of various antitrust-law provisions, antitrust doctrines, the approaches that non-judicial antitrust-enforcement authorities have taken to various antitrust-law-implementation issues, and the position that economists and legal scholars have taken on these matters, (4) an analysis of the protocol for predicting or post-dicting the economic efficiency of any government or non-government choice that is (third-best) economically efficient (that takes appropriate account of The General Theory of Second Best), (5) critiques of other scholars’ responses to Second-Best Theory, (6) critiques of various canonical, applied economic-efficiency analyses, (7) economic-efficiency analyses of various common-law and constitutional-law doctrines and of a variety of government policies and non-government choices, (8) jurisprudential analyses of the structure and content of valid and legitimate legal argument in a (liberal) rights-based society, (9) critiques of other jurisprudential positions (such as Legal Positivism), (10) analyses of liberal-rights-securing constitutional law and tort law, (11) critiques of various constitutional provisions, constitutional-law doctrines, tort-law statutes, and tort-law doctrines from a liberal perspective, and (12) analyses of the moral and legal relevance of economic-efficiency conclusions and critiques of the arguments that other scholars have made about the moral and legal relevance of economic-efficiency conclusions.


Present Faculty Member, University of Texas at Austin

Curriculum Vitae



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Trade Regulation (15)

Torts (16)