Home -› Economics -› Dictionary of Political Economy -› captured agency

Online dictionary
From all Dictionaries Only from this Category Only from this Dictionary

Social Science Categories

Definition Of:

captured agency

Dictionary of Political EconomyDictionary of Political Economy
A government agency, especially a regulatory agency, that is largely under the influence of the economic interest group(s) most directly and massively affected by its decisions and policies -- typically business firms (and sometimes professional associations, labor unions, or other special interest groups) from the industry or economic sector being regulated. A captured agency shapes its regulations and policies primarily to benefit these favored client groups at the expense of less organized and often less influential groups (such as consumers) rather than designs them in accordance with some broader or more inclusive conception of the public interest. [See also: bureaucracy , bureaucratic politics , elite (elitist) theory , pluralist theory ]

 

Dictionary of Political Economy INDEX:


List of Terms: Terms beginning with "A", Page 1

Starts With:  A B C D E F G H I J L M N O P R S T U V W
Page Number:  1

A: Page 1 of 1.

Absolute advan...Acquittal
Agency problem
Agency problem...Agency problem...Aggregate dema...
Aggregate supp...Allocation
Anarchism
Appropriation ...Aristocracy
Authorization ...
Autocracy

Home   |   Contact Us   |   About Us   |  
Copyright © 2008 socialsciencedictionary.com. All rights reserved.