Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Alas, the NYT lies when it reports:

Like everything else about the law, however, the full picture here is complicated. Independent surveys find that most law students would enroll even if they knew that only a tiny number of them would wind up with six-figure salaries. Nearly all of them, it seems, are convinced that they're going to win the ring toss at this carnival and bring home the stuffed bear.

Neo-Classical Economics informs us in a rational world where people act only rationally based on rational decision making having rational expectations.  


Thus, the situation described in the article is UnPossible and should, therefore, be ignored.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Mon Jan 10th, 2011 at 07:42:03 PM EST
[ Parent ]
What options do young people have? Get rich or die trying?!

The modern culture is full of stereotypical Darwinism, that there is not much choice neither economically nor socially.

by das monde on Tue Jan 11th, 2011 at 06:43:08 AM EST
[ Parent ]
I was always surprised, when living in the USA, at how many people spent lots of money gambling.  I like the bumper sticker that says "Gambling is for the mathematically challenged."

I personally enjoyed law school, the learning part, but never had any expectations of becoming wealthy.  Unlike the guy profiled in the article, I didn't kid myself that it gave me any special status, especially among the people whose opinions mattered to me.

Karen in Bischofswiesen

'tis strange I should be old and neither wise nor valiant. From "The Maid's Tragedy" by Beaumont & Fletcher

by Wife of Bath (kareninaustin at g mail dot com) on Wed Jan 12th, 2011 at 09:18:06 AM EST
[ Parent ]


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