Henry Manne – One of the Founders of Law and Economics
Henry Manne’s articles on topics like corporate mergers, insider trading and antitrust law established the groundwork for contemporary scholarship in these areas.
Manne also established the first law and economics center, as well as an Economics Institute for law professors. Studies conducted have demonstrated that judges who attended his courses tend to make more conservative rulings while using more economics terminology than judges not trained in law and economics.
Early Life and Education
Henry Manne was an outstanding scholar, an enterprising entrepreneur, an outstanding academic administrator, and an active participant in many professional endeavors. Most notably he is known for founding law and economics as a subject area.
His work in insider trading, securities regulation, university governance and constitutional law established an economics-influenced scholarship body.
Manne made numerous educational contributions, such as creating the Law and Economics Center at University of Miami (now George Mason University School of Law); organizing summer Economics Institutes for law professors; and teaching intensive economics classes to federal judges, increasing academic contributions in law and economics. Manne earned his B.A. with honor from Vanderbilt University as well as JDs from both Yale Law School and Chicago’s Institute for Advanced Study – as well as receiving honorary doctorates from Seattle University and Universidad Francisco Maraquin in Guatemala – as well as honorary doctorates from Seattle University and Seattle University respectively.
Henry Manne was a pioneer in the intersection of law and economics, widely recognized as one of its founders during the 20th century. He developed prototypical structures for funding intensive economics courses and conferences designed specifically for law professors.
He authored seminal articles that pioneered the application of economic analysis to corporate and securities law as well as legal education reform. His 1966 book, “Insider Trading and the Stock Market,” was the first book to challenge the logic of insider trading laws; this publication led to a wave of scholarship which has had profound effects on how we think about these topics today.
Liberty Fund of Indianapolis, Indiana published three volumes of Manne’s works. Additionally, he holds honorary degrees from Seattle University, Universidad Francesco Marroquin in Guatemala and George Mason University.
Achievement and Honors
Henry Manne is widely recognized as the founding father of the Law and Economics movement and an integral figure in legal education reform. He wrote extensively on this subject, established the first academic law-and-economics center (now part of George Mason University); Summer Economics Institutes for law professors; and established an Olin Fellow specialized degree program for lawyers interested in economics.
Mr. Marroquin was also a frequent contributor to the Wall Street Journal, contributing a new theory of corporate law and approach to securities regulation that made an intellectual impactful statement about business ethics and regulation. Through his writings he created an intellectual market for his ideas; particularly with respect to economic analysis; honorary doctorates were conferred upon him from Seattle University and Universidad Francesco Marroquin of Guatemala.
Manne was a long-standing contributor to the Wall Street Journal, offering teaching, academic writing and frequent op-ed pieces about corporate law and securities regulation. Through his work with organizations like Cato Institute, Liberty Fund, Mont Pelerin Society and Institute for Humane Studies as well as his teaching experience. Additionally, as dean emeritus of George Mason University School of Law as well as university professor, his expertise changed legal education by adding economic content.
Insider Trading and the Stock Market by Frank Gaffney in 1966 transformed corporate law with economic analysis. His theory of the “market for corporate control” had an immense influence over subsequent scholarship.
Manne was an influential contributor to the Wall Street Journal who contributed widely on law and economics, free market policy, legal education reform and his theory of “market for corporate control” which opened securities regulation up for economic analysis; his 1966 book on insider trading pioneered and still influences vast literature about this subject; as Dean and University Professor Emeritus at George Mason Law School where he instituted innovations into legal education with respect to law & economics research he is widely credited as being one of the founding figures in law & economics research field;
He is a member of the Mont Pelerin Society and holds honorary degrees from Seattle University, Universidad Francisco Marroquin in Guatemala and George Mason University. Additionally, his works have been published by Cato Institute Liberty Fund and University of Rochester Press.