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Mannes important contribution went largely unrecognized in corporate law scholarship for close to two decades Manne' s contributions to corporate law were numerous, as he produced a series of highly original articles covering shareholder voting and litigation, among other governance topics While these articles were published in law reviews, paralleling the reception of his mergers article, none of his ideas had significant influence on the legal literature until years later. Moreover, when Manne's writings did catch the attention of legal academics of his day it worked to his detriment. His provocative work advocating the efficacy of insider trading as a form of managerial compensation was no doubt one reason why manne was never to receive an appointment on one of the leading law school faculties, as many of his contemporaries thought that to advocate such a position he had to have been "ethically challenged. " Although this must be one of the most egregious appointment oversights of a generation, and a sad commentary on the law schools of the time, standing as a cautionary tale against intellectual narrowmindedness, ironically it provided a major benefit to legal scholarship and the profession. Manne became a highly successful academic entrepreneur, introducing generations of lawyers and judges to economics and economists to law through the law and economics institutes he administered at several institutions, concluding with the deanship of george mason university's law school. He was also honored by the american Law and Economics Association, along with Guido Calabresi, Ronald Coase and richard Posner, with a lifetime membership as a founder of the economic analysis of law For Mannes description of his experience see Henry G. Manne, How Law and Economics Was Marketed in a Hostile World: A Very Personal History, in Francesco Parisi Charles K. Rowley, eds, The Origins of Law and Economics: Essays by the Founding Fathers 309, 311-12(Northampton, MA: Edward Elgar, 2005)For Manne’s description of his experience see Henry G. Manne, How Law and 3 Economics Was Marketed in a Hostile World: A Very Personal History, in Francesco Parisi & Charles K. Rowley, eds., The Origins of Law and Economics: Essays by the Founding Fathers 309, 311-12 (Northampton, MA: Edward Elgar, 2005). 3 Manne’s important contribution went largely unrecognized in corporate law scholarship for close to two decades. Manne’s contributions to corporate law were numerous, as he produced a series of highly original articles covering shareholder voting and litigation, among other governance topics. While these articles were published in law reviews, paralleling the reception of his mergers article, none of his ideas had significant influence on the legal literature until years later. Moreover, when Manne’s writings did catch the attention of legal academics of his day it worked to his detriment. His provocative work advocating the efficacy of insider trading as a form of managerial compensation was no doubt one reason why Manne was never to receive an appointment on one of the leading law school faculties, as many of his contemporaries thought that to advocate such a position he had to have been “ethically challenged.” Although this must 3 be one of the most egregious appointment oversights of a generation, and a sad commentary on the law schools of the time, standing as a cautionary tale against intellectual narrowmindedness, ironically it provided a major benefit to legal scholarship and the profession. Manne became a highly successful academic entrepreneur, introducing generations of lawyers and judges to economics and economists to law, through the law and economics institutes he administered at several institutions, concluding with the deanship of George Mason University’s law school. He was also honored by the American Law and Economics Association, along with Guido Calabresi, Ronald Coase and Richard Posner, with a lifetime membership as a founder of the economic analysis of law
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