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Article #74720

Re: Lawyers vs. Productivity

#74720
From: Chris Cooke
Date: Tue, 05 Mar 1991 14:39
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In article <GUEST.91Feb25223801@geech.ai.mit.edu>, guest@geech.ai.mit.edu (Guest Account) writes:

> "...an economist has estimated how much he thinks lawyers are costing
> America.  According to Stephen P. Magee, a professor of economics at
> the University of Texas, American gross national product in the
> mid-1980s was about 10 percent lower than it should have been.  This
> $500 billion annual penalty translates into $1 million per lawyer in
> forgone growth."

I read in a British newspaper recently that the USA has 4% of the
world's population, and 66% of the world's lawyers.

Draw your own conclusions.
-- 
	-- Chris. 	cc@cs.ed.ac.uk   (on Janet, cc@uk.ac.ed.cs)
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From: cc@cs.edinburgh.ac.uk (Chris Cooke)
Newsgroups: gnu.misc.discuss
Subject: Re: Lawyers vs. Productivity
Message-ID: <7238@skye.cs.ed.ac.uk>
Date: 5 Mar 91 14:39:11 GMT
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