This past weekend witnessed the passing away of Henry Manne, one of the doyens of the law and economics movement and corporate law generally. He was 86.
I remember Manne for his seminal work on hostile takeovers and the market for corporate control, which is contained in his 1965 article “Mergers and the Market for Corporate Control” and followed up in a 2002 op-ed in the Wall Street Journal titled “Bring Back the Hostile Takeover”.
He is also well known for his provocative stance on insider trading, particularly in his book “Insider Trading and the Stock Market” wherein he defends the activity and calls for its deregulation.
His life and scholarship have been the subject matter of further literature, some of which is listed below:
1. “Manne on Insider Trading” by Stephen Bainbridge;