Henry Manne
Henry Manne Girard ( born May 10, 1928 in New Orleans) is an American jurist and professor emeritus at George Mason University. He is considered one of the pioneers and most prominent representatives of the economic analysis of law.
Career
Man studied until 1950 economics at Vanderbilt University. He graduated from the academic degree of Bachelor of Arts. In 1952 he received his doctorate at the University of Chicago for the Juris Doctor in 1966 at Yale University, Doctor of Juridical Science ( JSD ). From 1971 onwards, was a man professor of law and political science at the University of Rochester. In 1974 he moved to the University of Miami and 1980 to Emory University. In 1986, he finally accepted a professorship at the George Mason University, where he made the dean a thematic reorientation of the law school to the economic analysis of law.
In 1987, a man from Seattle University and the Universidad Francesco Marroquin in Guatemala honorary academic degree of a Legum Doctor ( LL.D. ).
1999 man became Professor Emeritus. Today, he is an Adjunct Scholar of the Cato Institute.
Scientific positions
Those skilled in the audience outside of the United States is the man primarily by his attitude to insider trading and the slogan of the "market for corporate control " (market for corporate control ) is known.
Man speaks much like Milton Friedman, Daniel Fischel and Frank H. Easterbrook decidedly against a ban on insider trading. In his view, transactions in securities based on nonpublic information are conducive to investors, as the new information would feed into the market process faster than a prohibition of insider trading in this manner, thereby increasing the information efficiency of the market ..
The theory of the "market for corporate control " provides a response to the ( in its objective controversial ) question of how to ensure that the management of a listed public company in the first place the value interests of shareholders and not their own interests or interests of workers or of public persecuted. Manne stresses in this context the power of the capital market, the disciplining an effect on the management of the corporation: misbehavior, so do not verpflichtetes towards share of management actions would lead to the divestment of many shareholders and thus to a decrease in the market price of the shares of the Company. This will society candidate for a ( hostile ) takeover by another company, which resulted in the current management would be replaced. Managers are therefore keen spirit of enlightened self-interest primarily to lead the society in the interests of the investors.