"This collection deftly sharpens our thinking about the nature of regulatory capture. It compiles the most multidimensional treatment we have of capture and the American regulatory state." - John Braithwaite, Australian National University
"This is an enormously useful collection that goes beyond alleging and lamenting regulatory capture to provide diagnostic tools for evaluating purported instances of captured regulatory regimes and institutional techniques for avoiding their emergence and mitigating their effects." - Jerry Mashaw, Yale University
"'Regulatory capture' is an often used, little understood term. It is quoted frequently by those who would like to question a regulation for any of a number of agendas without an effort to understand the science or reason behind it. Daniel Carpenter, David Moss, and the co-authors have written a long overdue analysis of the issue and what, when proven true, can be done about it. - Christine Todd Whitman, former governor of New Jersey and former administrator of the Environmental Protection Agency
Recent crises in (de)regulated industries - most notably, the financial system's collapse, the Gulf of Mexico oil spill, and the 2006 West Virginia mine disaster - underscore the need for smarter regulation. Yet the task of regulating complex industries faces the obstacle of insider influence, which threatens to "capture," or corrupt, the process if left unchecked. This timely volume brings together leading scholars from across the social sciences whose work presents empirical evidence that this obstacle is more surmountable than previously thought. The unprecedented rigor they bring to the study of capture will appeal to scholars and students across the social sciences, and prove a valuable resource for policy makers.