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> Of course the externalities of surplus lawyers are much worse for society than the externalities of surplus physicians. Would you care to explain why? My gue
by robryk 12y ago
> Of course the externalities of surplus lawyers are much worse for society than the externalities of surplus physicians.
Would you care to explain why? My guess is that you mean that a surplus of lawyers can cause additional demand for lawyers, which can't happen for physicians. Do I understand you correctly?
- ufmace 12y agoI suppose if you have too many lawyers and not enough jobs for them, some will run around filing frivolous lawsuits that the counterparty will have to hire more lawyers to defend against. If you have too many doctors and not enough hurt people for them to heal, what are they going to do? Run around hurting people so that they can then heal them?