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621. Is Professional Licensing a Racket?

Freakonomics Radio

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The Paradox of Professional Licensing

This chapter examines the challenges and controversies of professional licensing in the U.S., highlighting its economic and labor market implications. It critiques the self-regulation of licensing boards and the inherent conflicts of interest that may undermine public safety. The discussion also traces the historical evolution of licensing and raises concerns about accountability, particularly in professions like medicine.

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