Henry Manne’s Struggle To Institutionalize Law & Economics

David Gindis & Steven G. Medema September 12, 2025

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The field known as “law and economics” occupies a prominent place in legal and economic analysis. To understand how this came to be, one must look beyond the ideas and examine the institutions and academic ventures that supported the development, dissemination, and diffusion of those ideas. The most important figure in this respect was Henry Manne, a Vanderbilt economics graduate with law degrees from Chicago and Yale. Manne was honored as one of the field’s “four founders” by the American Law and Economics Association at its inaugural meeting in 1991.

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