Wednesday, March 6, 2013

Should Law Schools Teach Financial Literacy?

Over at Mauled Again (March 4), my colleague and fellow blogger Jim Maule concludes that the answer is no. That job, he argues, belongs at the K-12 level. Here is an excerpt:

The role of K-12 education is two-fold. It is to prepare students to live life, and to prepare students who wish to continue their education to do so. To prepare students to live life, the K-12 system needs to teach the things that ought to be known or understood by all citizens regardless of chosen profession. Financial literacy is one subject that comes to mind, along with civics, first aid, reading, writing, and arithmetic. Undergraduate education should focus on the subjects that are necessary or helpful to acquiring a skill in a particular area, whether it is chemical engineering, statistics, biology, or anthropology. Graduate and professional education should focus on the subjects that are necessary or helpful to pursuing a career in the specific profession or area of study. The fact that law schools have hired individuals to teach basic writing and grammar skills to law students that ought to have been learned long before high school graduation not only is symptomatic of the deterioration of the American education system but also one of the answers, though a small one, to why the costs of legal education have increased.

You can read more here.

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http://lawprofessors.typepad.com/legal_skills/2013/03/should-law-schools-teach-financial-literacy.html

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