“The end is not to eliminate choice (or the lessons that may be learned from misguided choices), but to remove from the market choices that will more than likely be made only by those who are susceptible to non maximising considerations. … given the comparative advantage that sellers have with respect to knowledge about their products, and given the weaknesses and vulnerabilities of potential customers, minimum quality and safety standards (and occupational licensing) represent an attempt to overcome the worst effects of exploitation.”
-Kleinig 1983, pp. 183-8, in Allens
Another month, another rationality quotes thread. The rules are: