The indefensibility of insider trading
Journal of Business Ethics · 1991 · Volume 10 · Issue 9
Abstract
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.
Keywords
Economic Growth, Business Ethic, Inside Trading, Early Article, Careful Argument
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