I must study this article. I am astonished that law school tuition has risen substantially year after year, recession or no. Some law schools perhaps have a "product" that can command such ever-increasing prices (but even even premium law schools face a limit). But surely law schools as a class are not exempt from the "law" of supply and demand. I think of John Galbraith, who repeatedly preached that every bubble eventually bursts. I guess I think there is a legal education bubble.
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I must study this article. I am astonished that law school tuition has risen substantially year after year, recession or no. Some law schools perhaps have a "product" that can command such ever-increasing prices (but even even premium law schools face a limit). But surely law schools as a class are not exempt from the "law" of supply and demand. I think of John Galbraith, who repeatedly preached that every bubble eventually bursts. I guess I think there is a legal education bubble.
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