Can You Imagine if You Needed an MBA to Be in Business?

Can you imagine if there was a law requiring all wannabe businesspeople to have MBAs (or some other degree)? It would be pure madness.

Why, then, is there a law requiring someone who wants to be a lawyer to have a JD?  Why is there a law requiring someone who wants to be a public school teacher to have an education certificate? Why is there a law requiring someone who wants to be a doctor to have an MD?

Why wouldn’t we just let the market self-sort itself like we do in the business world? Some people get MBAs, some don’t. Some people value MBAs more highly, some don’t.

Why would we force someone who pops out of the womb with a brilliant legal mind to go through the tedium of law school? Why not let the market choose whether or not that person needs a degree? If no one hired lawyers without JDs, every wannabe lawyer would go get a JD. But I bet there would be many good lawyers who wouldn’t go to law school, and would be hired for certain kinds of jobs.

Hat tip on this idea to Ross who noted the potential positive effects of de-credentializing a variety of professions.

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