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Expertise as Power: A Case Study of the Securities and Exchange Commission
Kitch, Edmund
Kitch, Edmund
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Abstract
Reviewing The SEC and Capital Market Regulation: The Politics of Expertise by Anne M. Khademian Anne Khademian's book, The SEC and Capital Market Regulation: The Politics of Expertise, is a case study in the field of political science whose objective is to demonstrate that some bureaucratic groups-in this case, the SEC staff-are capable of effectively exercising political power because of the expertise they possess. The book succeeds in synthesizing a large amount of information about the history and structure of the Securities and Exchange Commission. It ultimately stumbles, however, because of unresolved ambiguities about the nature of the expertise which the SEC staff possesses.