The economic regulation has evolved from three stages:normative analysis as a positive theory, the capture theory and economic theory of regulation.

经济学意义上的规制已经成为经济学的一个非常正式的研究领域。

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But capture is usually associated with lax regulation (think of banking).

ECONOMIST: Pay TV and football

But we can not ignore the element of "capture" in the systemic failures of oversight, regulation and disclosure in the financial sector.

FORBES: Magazine Article