The Economics of Insider Trading: A Free Market Perspective

Taylor Smith () and Walter E. Block ()
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Taylor Smith: Loyola University New Orleans
Walter E. Block: Loyola University New Orleans

Journal of Business Ethics, 2016, vol. 139, issue 1, No 4, 47-53

Abstract: Abstract We deny that asymmetrical information is a market failure. In order to make this case, we subject to critical scrutiny the strongest case for this thesis: the view that laws prohibiting insider trading are viable, necessary, or compatible with the rule of law.

Keywords: Insider trading; Asymmetrical information; Market failure; Rule of law; D82 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s10551-015-2621-5

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