The capture theory of regulation was first developed by Ralph Nader.

Name: The capture theory of regulation was first developed by Ralph Nader.
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The capture theory of regulation was developed by economists, not Ralph Nader. It suggests that regulatory agencies may come to be dominated by the industries they are charged with regulating, rather than by Ralph Nader, who is a political activist known for his work in consumer protection, environmentalism, and government reform.

The Capture Theory of Regulation Was First Developed by Ralph