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Michael Wachter

Contact Information


Michael L. Wachter

William B. and Mary Barb Johnson Professor of Law and Economics, Emeritus

Michael Wachter is a prominent cross-disciplinary scholar in the fields of law and economics, with his current research focusing on topics of corporate law, corporate finance, and labor law and economics.

Since 1970, when he joined the Penn faculty, he has held full professorships in three of Penn’s schools: Arts and Sciences, where he has been professor of economics since 1976; the Wharton School, where he was professor of management, 1980-92; and the Law School, where he became professor of law and economics in 1984. In that year he also took on the directorship of the Institute for Law and Economics. Under his leadership, ILE has grown to become a nationally recognized center at the intersection of law and business which brings together at roundtables and conferences eminent law and finance scholars, judges, lawyers, private equity and hedge fund managers, and general counsels of major public corporations to discuss cutting edge issues in corporate governance and corporate finance.

Wachter served as Deputy Provost of the University of Pennsylvania from July 1995 to January 1998, and as Interim Provost from January to December 1998. His current research focuses on corporate governance and topics in the intersection of corporate law and finance.


  • PhD (economics)Harvard70
  • MAHarvard67
  • BSCornell64

Courses Taught

  • Corporate Law| Corporate Finance| Corporate Theory Seminar


  • Business and Corporate Law