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Rebecca Haw Allensworth, "The Licensing Racket: How We Decide Who Is Allowed to Work, and Why It Goes Wrong" (Harvard UP, 2025)

New Books in Economics

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The Trade-offs of Professional Licensing

This chapter explores the nuanced debate surrounding professional licensing and regulation, weighing the costs against the benefits in various fields. It highlights the divide between high-stakes professions, where licensing is crucial, and lower-stakes sectors, where excessive regulations may hinder public access. Through interviews and research, it critiques the accountability of licensing boards and the implications of their practices on consumer safety and accessibility.

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