Sunday, 17 July 2011

Law School Economics: Ka-Ching!

David Segal, New York Times
WITH apologies to show business, there’s no business like the business of law school. Charging higher tuition and spending more on teaching can lift a school's ranking, says John Duffy, who teaches at George Washington University Law School. The basic rules of a market economy — even golden oldies, like a link between supply and demand — just don’t apply. Legal diplomas have such allure that law schools have been able to jack up tuition four times faster than the soaring cost of college. And many law...

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