The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne

Exercise 5

How important are monetary motives? A story in the Wall Street Journal of May 1, 1995, reported the results of a survey conducted by Kaplan Educational Centres of its students preparing to take the Law School Aptitude Exam. They were asked what attracted them to a career in law. Only 8 percent said they were attracted by the financial rewards. But 62 percent thought that others were attracted by the financial rewards. How would you interpret this disparity?