{"id":2218,"date":"2010-01-09T07:52:25","date_gmt":"2010-01-09T07:52:25","guid":{"rendered":"0"},"modified":"2010-01-09T07:54:13","modified_gmt":"2010-01-09T07:54:13","slug":"rent-seeking_in","status":"publish","type":"post","link":"https:\/\/marcdanziger.com\/?p=2218","title":{"rendered":"Rent-Seeking In A Positive Light"},"content":{"rendered":"<p>&#8230;I&#8217;ve never seen quite such a blatant example as <a href=\"http:\/\/www.latimes.com\/news\/printedition\/opinion\/la-oe-greenbaum8-2010jan08,0,7416137.story?track=rss&#038;utm_source=feedburner&#038;utm_medium=feed&#038;utm_campaign=Feed%3A+latimes%2Fnews%2Fprintedition%2Fopinion+%28Los+Angeles+Times+-+Editorials%2C+Op-Ed%29&#038;utm_content=Bloglines\" target=\"browser\">the op-ed by attorney Mark Greenbaum in today&#8217;s LA Times<\/a> which suggests that we need to throttle back law school accreditation to keep the revenues of those in profession high.<\/p>\n<blockquote><p><i>&#8230;the problem can be traced to the American Bar Assn., which continues to allow unneeded new schools to open and refuses to properly regulate the schools, many of which release numbers that paint an overly rosy picture of employment prospects for their recent graduates. There is a finite number of jobs for lawyers, and this continual flood of graduates only suppresses wages. Because the ABA has repeatedly signaled its unwillingness to adapt to this changing reality, the federal government should consider taking steps to stop the rapid flow of attorneys into a marketplace that cannot sustain them.<\/i><\/p><\/blockquote>\n<p>Ah, the attitudes of the Ottoman Empire. Where every pasha and wali could know that the office they had dearly bought would be profitable.<\/p>\n<p>In case you ever wonder why the legal system seems to do such a bad job of defending markets&#8230;ask no further.<br \/>\n&#8211;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rent seeking lawyers? Who knew?<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"_links":{"self":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts\/2218"}],"collection":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2218"}],"version-history":[{"count":0,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=\/wp\/v2\/posts\/2218\/revisions"}],"wp:attachment":[{"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marcdanziger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}