15min chapter

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621. Is Professional Licensing a Racket?

Freakonomics Radio

CHAPTER

The Licensing Paradox

This chapter explores the complexities of occupational licensing, questioning its necessity across various professions while recognizing its potential benefits in fields like medicine and law. It discusses the disparities in licensing requirements, the impact on accessibility and quality, and contrasts different regulatory approaches, particularly between the UK and the US. The chapter emphasizes the need for improved governance of licensing systems to better serve both professionals and consumers, setting the stage for future discussions.

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