Cliff Winston is a Senior Fellow at the Brookings Institution. His latest book, co-author with Robert Crandall and Vic Romagheshri: First thing we do, let's deregulate all the lawyers. He says America has too few lawyers; he speculates that it may have more.
Clifford Winston of the Brookings Institution talks with EconTalk host Russ Roberts about the market for lawyers and the role of lawyers in the political process. Drawing on a new co-authored book, First Thing We Do, Let's Deregulate All the Lawyers, Winston argues that restrictions on the supply of lawyers and increases in demand via government regulation artificially boost lawyers' salaries. Deregulation of the supply (by eliminating licensing) would lower price and encourage innovation.