Law and Economics

It's almost enough to make me believe in law and economics:

Ethan Bronner, Law Schools’ Applications Fall as Costs Rise and Jobs Are Cut NYTimes (Jan. 31, 2013):

Law school applications are headed for a 30-year low, reflecting increased concern over soaring tuition, crushing student debt and diminishing prospects of lucrative employment upon graduation.

The New York Times

As of this month, there were 30,000 applicants to law schools for the fall, a 20 percent decrease from the same time last year and a 38 percent decline from 2010, according to the Law School Admission Council. Of some 200 law schools nationwide, only 4 have seen increases in applications this year. In 2004 there were 100,000 applicants to law schools; this year there are likely to be 54,000.