Abstract
This entry illustrates the very prominent role Henry Manne played in the Law and Economics tradition. Manne made seminal contributions in two key areas: the dynamics of corporate control, and the ethics and efficiency of insider trading. He showed that the market for corporate control is an efficient way of protecting shareholders’ interests and restraining abuse by the managers. From a normative standpoint, he emphasized that no specific regulation is required in these areas. The same normative conclusions also apply to insider trading, which is the quickest way of circulating information and avoiding bubbles. This entry concludes by summing up Manne’s contributions in education.
Similar content being viewed by others
References
Manne H (1962) The ‘higher criticism’ of the modern corporation. Columbia Law Review, 3, March, pp 399–449
Manne H (1965) Mergers and the market for capital control. J Polit Econ 73(April):110–120
Manne H (1966) Insider trading and the stock market. Free Press, New York
Manne H (1973) The political economy of modern universities. In: Burleigh AH (ed) Education in a free society. Liberty Fund, Indianapolis, pp 165–205
Manne H (1993) An intellectual history of the School of Law George Mason University. the Law and Economics Center, Arlington
Further Reading
Colombatto E, Cass R. (guest editors) (forthcoming) Symposium in honour of Henry Manne, Eur J Law Econ
McChesney FS (ed) (2009) The collected works of Henry G. Manne., 3 volumes. Liberty Fund, Indianapolis
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2018 Springer Science+Business Media LLC
About this entry
Cite this entry
Colombatto, E. (2018). Manne, Henry. In: Marciano, A., Ramello, G. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_725-1
Download citation
DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-1
Received:
Accepted:
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-7883-6
Online ISBN: 978-1-4614-7883-6
eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences
Publish with us
Chapter history
-
Latest
Manne, Henry- Published:
- 20 November 2018
DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-2
-
Original
Manne, Henry- Published:
- 15 February 2018
DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-1