The indefensibility of insider trading

The article, “Inside Trading Revisited,” has taken the stance that insider trading is neither unethical nor economically inefficient. Attacking my arguments to the contrary developed in an earlier article, ‘The Ethics of Inside Trading’ (Journal of Business Ethics, 1989) this article constructs care...

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Bibliographic Details
Published in:Journal of business ethics
Main Author: Werhane, Patricia H. (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 1991
In: Journal of business ethics
Further subjects:B Careful Argument
B Inside Trading
B Business Ethic
B Early Article
B Economic Growth
Online Access: Volltext (JSTOR)
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Description
Summary:The article, “Inside Trading Revisited,” has taken the stance that insider trading is neither unethical nor economically inefficient. Attacking my arguments to the contrary developed in an earlier article, ‘The Ethics of Inside Trading’ (Journal of Business Ethics, 1989) this article constructs careful arguments and even appeals to Adam Smith to justify its conclusions. In my response to this article I shall clarify my position as well as that of Smith to support my counter-contention that insider trading is both unethical and inefficient.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1007/BF00705879