Licensing is a peculiar way to address an information problem because information problems are normally solved with direct information policies—disclosure signs, inspections, ratings, fraud suits, general business law—yet the ABA actively discourages ratings of law schools and lawyers, opting instead to tell consumers not to investigate quality because certification handles it.

causalpending

Speaker

Clifford Winston

Evidence Quote

that is a very sort of strange way to deal with an information problem

Source

Clifford Winston on Lawyers 09/5/2011EconTalk
Created: 6/15/2026, 9:26:52 AM

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