Letters: The New Math of Law School

Readers respond to “Is Law School a Losing Game?” (Jan. 9).

A reader responds to “Law School Economics: Ka-Ching!” (July 17).

Editor’s Note: Lucian Bebchuk is Professor of Law, Economics, and Finance at Harvard Law School. Robert J. Jackson, Jr. is Associate Professor of Law and Milton Handler Fellow at Columbia Law School.

“This is a special moment in history.”   So said New York Times media correspondent David Carr in a keynote address at this year’s South by Southwest Music and Media Conference in Austin, Texas. The last time Carr spoke at the annual gathering in 2011, he met skeptics who predicted The New York Times would fall into Internet obscurity by charging readers for access.  

In my post Trends in College Tuition vs. Bachelor’s Degree Wages; Interesting Demographics of Student Loan Debt History I noted skyrocketing student loan debt, especially in the age group 30-39. See article for details. Since 30-39 is not the typical school demographic, I asked readers 30 years or older who are sitting on a pile of student debt to share their stories and reasons. A summary of reasons and email snips from readers follows.

I have agreed to write a reference book on the U.S.

|Peter Boettke| Here is a blog post on what a graduate student in economics learned during his first year of PhD studies (macro).  He has a follow up on what he learned his second year in graduate school.

As long time LCF Research readers will already know, we at LCF Research have been fans of the work of our friend Terry Arthur since being introduced to it last year. So much so that we have sponsored a re-print of his 1993 pamphlet entitled “The Consumer Failed to Deliver Last Year and Other Fables.” Though it was originally written almost twenty years ago, it has a lot to offer in terms of lessons for today. Terry is a devoted member of the Austrian School of Economics, and his work is an excellent primer on the basic tenets of Austrian economic thinking as they apply to investing.