Bureaucratic Discretion or Congressional Control?

This week in class, we'll be talking about bureau behavior. A key component in the developement of a theory of bureacracy is a hypothesis regarding the independence of agencies. This blog post from my friend Alex at Marginal Revolution discusses one such agency: the Securities and Exchange Commission (SEC), and its relationship to the U.S. Senate. Please read this short post (and hyperlinks). This is a good example of something we will cover this week in class.