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Eeee last won the day on December 29 2016

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  1. Ryerson Law by 2020 - Letter of Intent

    Well, it's not inefficient because those investments translate into productivity gains! Now, it does look inefficient from the outside because the productivity gains to years of developmental play are "objectively" minimal - in a utilitarian sense, it seems perverse to stack on 10 years of developmental training to shave 0.1 seconds off your 100 metre dash time. Surely there has been no gain to humanity by athletes getting ever so slightly better in their domains over the last century through longer, more expensive training and fiercer competition. But the zero-sum, tipping-point nature of athletic competition means that even a tiny gain on the margin can have enormous rewards that richly compensate for the enormous costs of developing that tiny gain. This might be why people often condemn sport as a stupid, wasteful spectacle, and is perhaps why you resorted to that particular analogy in an argument about law schools and the education they provide. Now if the government created a monopoly on developmental leagues and the league-runners charged parents $50 000 per year to let their kid find out if he has any talent in baseball, that would be an inefficient rent, and your analogy would hold more water.
  2. Ryerson Law by 2020 - Letter of Intent

    If the barriers to becoming licensed as a law school are truly as low as opening a dispensary, then everyone in this thread is leaving millions of dollars a year on the table by not immediately opening their own law school. The market of potential law students is at least the number of Canadians who do the NCA course each year, and presumably their price ceiling is $60000/year or whatever they pay in the UK.
  3. Ryerson Law by 2020 - Letter of Intent

    The rent they're collecting is the enormous premium on tuition. They can collect this rent because they belong to a cartel that controls licensing. This rent is inefficient for the same reason all rents are inefficient - it is a premium totally dislocated from any gain in productivity, and instead flowing only from the lack of competition in the marketplace. If there must be regulated entry to the profession, it's not at all clear how free market principles are served by permitting the gatekeepers to extract a toll from everyone that walks through. The analogies to acting, drug dealing and sports are bizarre. You don't need to pay any fee to participate in price-discovery as an actor, drug dealer, or athlete. These are in fact the quintessential pursuits where you need no education or licensing at all to make millions.
  4. Ryerson Law by 2020 - Letter of Intent

    Surely it is grossly inefficient to have a job market where we charge entrants $70 000 + 3 years of foregone employment just to discover whether the market can bear them. How can you see this as anything but rent seeking by the schools and faculty?
  5. Windsor vs. Osgoode: "Big Five" Firm Prospects

    Hmm if you are a robotic striver with no inner life then you will be ok no matter where you go.
  6. Windsor vs. Osgoode: "Big Five" Firm Prospects

    I think the subway will go a long way to improving the york campus. Far fewer people milling around for the bus or whatever, and you can just go to campus for class and then leave immediately instead of feeling compelled to hang around.
  7. Elite Extracurriculars

    I tell my coworkers and employers that sports are a social contagion and they react positively because they hate sports too.
  8. You should choose the program on the basis of institutional support for co-ops and internships. The degree alone will simply do nothing for you.
  9. MD to Law

    God do not go to law school
  10. Workload in law school

    Our sires' age was worse than our grandsires'. We, their sons, are more worthless than they; so in our turn we shall give the world a progeny yet more corrupt.
  11. Workload in law school

    It's a lived reality, not an attitude.
  12. Ask a U of T student!

    The tuition at toronto is extremely expensive. Cost of living is merely expensive but will soon be prohibitive.
  13. Ask a U of T student!

    It's fine, it's just extremely expensive.
  14. Ask a U of T student!

    I would have accepted at UBC. If I had a time machine, I would have spent 2 years learning french instead of playing league of legends in my spare time and applied to mcgill.
  15. Language disadvantage

    I take this at face value. The OP isn't talking about imprecision, he is talking about an inability to process even simple speech. I also have no doubt that you can go through a BA/MA in a Canadian university and develop no skills of any kind, verbal or otherwise.