The momentum of investment and financing decisions has become increasingly subject to the influence of credit rating agencies. Yet the differing methods they deploy to determine credit worthiness assessments, the variability in their determinations and, above all, the tendencies to overstate risk should prompt serious questions about the influence these agencies have in shaping the dynamics of contemporary capitalism. In this provocative study, Schroeder exposes the potentially damaging consequences of this privileged role. In mounting a powerful case for moderating the influence of credit rating agencies, Schroeder builds upon the heterodox economic tradition to advocate for the establishment of a public agency that would enhance the integrity of credit rating assessments and focus on delivering investment stability." Stuart Rosewarne, Associate Professor of Political Economy, University of Sydney, Australia