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Manne, Henry

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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.

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References

  • Manne H (1962) The ‘higher criticism’ of the modern corporation. Columbia Law Review, 3, March, pp 399–449

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  • Manne H (1965) Mergers and the market for capital control. J Polit Econ 73(April):110–120

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  • Manne H (1966) Insider trading and the stock market. Free Press, New York

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  • Manne H (1973) The political economy of modern universities. In: Burleigh AH (ed) Education in a free society. Liberty Fund, Indianapolis, pp 165–205

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  • Manne H (1993) An intellectual history of the School of Law George Mason University. the Law and Economics Center, Arlington

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Further Reading

  • Colombatto E, Cass R. (guest editors) (forthcoming) Symposium in honour of Henry Manne, Eur J Law Econ

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  • McChesney FS (ed) (2009) The collected works of Henry G. Manne., 3 volumes. Liberty Fund, Indianapolis

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Correspondence to Enrico Colombatto .

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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

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  • DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-1

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  • 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

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Chapter history

  1. Latest

    Manne, Henry
    Published:
    20 November 2018

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-2

  2. Original

    Manne, Henry
    Published:
    15 February 2018

    DOI: https://doi.org/10.1007/978-1-4614-7883-6_725-1