Document Type
Article
Disciplines
Administrative Law | Banking and Finance Law | Law and Economics
Abstract
This is a response to Adam Levitin's article, The Politics of Financial Regulation and the Regulation of Financial Politics: A Review Essay, 127 Harv. L. Rev. 1991 (2014). Levitin discusses various reasons for regulatory capture and highlights several potential solutions that aim to change the political governance of financial regulation. In this response, I highlight the importance of ideology (in this case, the ideology of free financial markets) in producing regulatory outcomes that are good for industry, and therefore the need for solutions that mitigate ideological capture.
Recommended Citation
Kwak, James, "Incentives and Ideology" (2014). Faculty Articles and Papers. 32.
https://digitalcommons.lib.uconn.edu/law_papers/32