Margaret Blair

Professor of Law Emerita, Vanderbilt University

Margaret Blair is an economist who focuses on management law and finance. She joined the Vanderbilt faculty in 2004 as part of the team supporting the Law and Business program. Professor Blair moved to Vanderbilt Law School from Georgetown University Law Center, where she became a visiting professor in 1996 and served as a Sloan Visiting Professor, teaching Corporations and Corporate Finance, and as Research Director for the Sloan-GULC Project on Business Institutions, from 2000 through June 2004. She has also been a Senior Fellow in the Economic Studies Program at the Brookings Institution, where she wrote about corporate governance and the role of human capital in corporations. Her current research focuses on five areas: team production and the legal structure of business organizations, legal issues in the governance of supply chains, the legal concept of corporate “personhood,” the problem of excessive leverage in financial markets, and the culture of boards of directors. Her articles and commentaries have appeared in numerous professional journals and essay collections, including The Oxford Handbook of Human Capital (Oxford, 2011) and The Research Handbook on the Economics of Corporate Law (Edward Elgar, 2012). She also served on the board of directors of Sonic Corp from 2000 to 2006. Professor Blair holds a B.A. from the University of Oklahoma and an M.A., M.Phil. and PhD. in economics from Yale University.