Last updated on: 7/25/2008 12:58:00 PM PST
Insider Trading by Congress Home Page > Source Biographies > >David Haddock, PhD
David Haddock, PhD Biography |
| Title: |
Professor of Law & of Economics at Northwestern University |
| Position: |
Not Clearly Pro or Con to the question "Should Insider Trading by Congress Be Allowed?" |
| Reasoning: |
"...[I]nsider trading undermines public confidence in the securities markets. If people fear that insiders will regularly profit at their expense, they will not be nearly as willing to invest... [C]ompanies prefer that their securities trade in 'thick' markets - that is, markets with many traders, substantial capital available, and frequent opportunities to trade at readily observable prices. Efficient securities markets, it is argued, require a 'level informational playing field' to avoid frightening away speculators, who contribute to securities market liquidity, and investors, who could invest their savings in markets with less risk of insider predation..."
"Insider Trading," The Concise Encyclopedia of Economics, 2002
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| Theoretical Expertise Ranking: |
Experts
Individuals with JDs, PhDs, or equivalent advanced degrees in fields relevant to insider trading issues. Also top-level government officials (such as foreign leaders, US presidents, Founding Fathers, Supreme Court Justices, members of legislative bodies, cabinet members, military leaders, etc.) with positions relevant to insider trading issues. |
| Involvement and Affiliations: |
Professor, Law, Economics, Northwestern University, 1992-present
Senior Fellow, Property & Environment Research Center (PERC), 1997-present
Faculty Associate, Legal Studies, Northwestern University, 2002-present
Member, Advisory Council, Econ Journal Watch, 2003-present
E.I. Wiegand Adjunct Scholar, Property & Environment Research Center (PERC), 1995-1996
Research Scholar, International Centre for Economics Research (ICER), 1995
Stanford Clinton Senior Research Professor, Northwestern University Law School, 1993-1994
Associate Professor, Northwestern University Law School, 1989-1992
Visiting Associate Professor of Law, Northwestern University, 1988-1989
John M. Olin Faculty Fellow, Law & Economics, University of Chicago, 1987-1988
Associate Professor of Economics, Emory University, 1985-1989
Faculty Fellow, Civil Liability, Yale University, 1984-1985
Research Professor, Law & Economics, Emory University, 1981-1985
Assistant Professor, Economics, Ohio State University, 1980-1981
Chief, Economic Studies for Antitrust Matters, Ford Motor Co., 1978-1980 |
| Education: |
PhD, Economics, University of Chicago
BA, Economics, Oklahoma State University |
| Other: |
None found |
| Quoted in: |
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