Cultural capture and the financial crisis¶
Kwak, J. (2014). Cultural capture and the financial crisis. Preventing Regulatory Capture: Special Interest Influence and How to Limit It.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Regulatory Capture
- A regulator can be entirely honest, operate within the letter of law, and still operate within a captured institution where the rules themselves have been shaped to favor the regulated, a phenomenon Kwak (2014) frames as "cultural capture."
This sourceArticulates how legal, systemic capture operates through shared cognitive frames, distinguishing it from illegal individual corruption.
- A regulator can be entirely honest, operate within the letter of law, and still operate within a captured institution where the rules themselves have been shaped to favor the regulated, a phenomenon Kwak (2014) frames as "cultural capture."
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