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Preventing Regulatory Capture: Special Interest Influence and How to Limit it Paperback – December 5, 2013

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Preventing Regulatory Capture: Special Interest Influence and How to Limit it + Regulation: A Primer + New Perspectives on Regulation
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Editorial Reviews

Review

"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

Book Description

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.
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Product Details

  • Paperback: 530 pages
  • Publisher: Cambridge University Press (October 21, 2013)
  • Language: English
  • ISBN-10: 1107646707
  • ISBN-13: 978-1107646704
  • Product Dimensions: 6 x 1.1 x 9 inches
  • Shipping Weight: 1.6 pounds (View shipping rates and policies)
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (11 customer reviews)
  • Amazon Best Sellers Rank: #277,601 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

Format: Paperback Vine Customer Review of Free Product ( What's this? )
Just when you might have reassured yourself that 21st Century USA is a true democracy and that your vote - and the reasons behind it - are of key interest and concern to your State/Federal Senator/Congress person - along comes Carpenter and Moss' "Preventing Regulatory Capture" - a broad based - as in multiple industries subject to federal and state regulation - assessment of both the situations and the industries where regulatory capture has occurred in the US. Defined (p.49) as "the subversion of regulatory agencies by the firms they regulate" - the reader can immediately relate to the 2008 financial crisis, the Gulf Oil Spill, Internet neutrality, ongoing issues with the SEC, the EPA, the FDA, the FCC (reviewed here in its 1927 incarnation as the Federal Radio Commission) etc. This is not a light read, and the editors have done a splendid job in keeping a consistent style and level of authority throughout . The authors are very balanced in their approaches - in several instances ascribing regulatory capture of federal agencies to conflicting Congressional mandates for their activity that makes their susceptibility all too predictable. This is exemplified in the article by Carrigan where the overt bribery - financial and sexual - that colored the function of the now defunct Minerals Management Service and that led to woefully conflicted oversight making thee Gulf Oil Spill perhaps inevitable. Of course regulatory capture and its vehicle - the multiple lobbyist organizations in DC - has become the rule rather than the exception (not for nothing is Tysons Corner VA opening an additional 4 Metro stations based on a booming, taxpayer-funded economy) - leading to a concluding consideration by the editors on how to prevent regulatory capture.Read more ›
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1 of 1 people found the following review helpful By The Bee Bee VINE VOICE on April 17, 2014
Format: Paperback Vine Customer Review of Free Product ( What's this? )
If you're not already familiar with the concept of regulatory capture, this book is not the place to start your investigation. Indeed, while "Preventing Regulatory Capture: Special Interest Influence and How to Limit it" is immensely interesting and readable if you have a good baseline understanding of the topic and a grasp of the various issues being discussed here, it is hardly a "For Dummies" guide to the subject. What it is is a forum for some of the best thinkers in the business to weigh in on a one of the key most important topics in American business and government and provide their take on where things currently stand and what we should (or shouldn't do) to respond to the increasingly strident cries for reform.
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1 of 1 people found the following review helpful By AmazonJavaJunki TOP 100 REVIEWER on March 26, 2014
Format: Paperback Vine Customer Review of Free Product ( What's this? )
The issue of Regulatory Capture (especially in health/medical care) is one which is given minimal attention in the mainstream media but of the utmost of importance. This book is a compilation of "voices" on the topic each with a given area of expertise/interest. To that effect, it provides a nice cross section of the current issues along with authoritative treatment by some of the leading experts in the field. On the other hand, the actual execution leaves a lot to be desired. Yes, it is an academic/socio-political topic but this was exceptionally tedious to read; simple enhancements such as format can do wonders to make a book more reader friendly....clearly something with the publishers felt was erroneous.
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3 of 4 people found the following review helpful By Jennifer Miller VINE VOICE on April 21, 2014
Format: Paperback Vine Customer Review of Free Product ( What's this? )
Honestly, I did not make it through this book. I went through about seven of the articles before I put it down. While I could see this being an intriguing book to someone that is more into political science than I am, it was just too deep for me. For me, it is too technical because I just have a passing interest in policy as it has to do with my particular field. This seems to be well researched from highly reputable people. There are opinions stated, but they are backed up by well documented sources. I'd recommend for someone that already has some political science experience, but not for someone that is just perusing information.
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1 of 1 people found the following review helpful By LanceManion on May 2, 2014
Format: Paperback Verified Purchase
I knew that I wouldn't be taking a chance on a book edited by Moss and Carpenter. [I'd read the books of both.] So glad I bought it. Great clarity of insights among the authors of the chapters. Original, high impact stuff. "Capture" is one of those loose concepts that is tossed around too easily. The contributions in this book clarity what capture is, where it exists and sharpens the field of regulatory studies overall.
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4 of 6 people found the following review helpful By Neal Reynolds VINE VOICE on March 9, 2014
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We have the input of 17 scholars here, and yet we are not given a truly comprehensive landscape. This is indeed ponderous reading and while, with perseverence, it is understandable, it also seems heavily slanted in favor of the powers that be. This may be worth a try, but keep an open mind and don't be afraid to question the authors.
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