economics - Sports News, Headlines & Highlights



There's More To This Than Globalization
Many Americans today believe that global free trade is responsible for the wage stagnation and inequality that plagues the middle and lower classes. Is it? Not really....

We Are Losing The War On Inequality And It's Not Even Close
This decade has been the one in which the American mainstream finally realized we have a profound economic inequality problem. It is only now becoming clear just how far we are from turning this around. ...

It's Not Your Imagination, Rent Is Less Affordable Now
The rent: is it too damn high? A new economic research paper finds: it is....

Racism And Sexism Are Extremely Bad For The Economy
Over the past 50 years, our nation’s institutions have become less racist and less sexist. This decline in discrimination has been very good for America’s economy. ...

Let's Talk About MONOPSONY
In the wake of AT&T’s newly planned mega-merger with Time Warner, it’s a great time to discuss—what?—MONOPSONY, a funny word describing what happens when an employer has too much power in the marketplace. Sounds familiar......

You Have To Be Lucky To Be Rich
In 2007, Cornell economist Robert Frank wrote about President Barack Obama’s plan to let the Bush-era tax cuts for the country’s top earners lapse for the New York Times. He wrote that critics who complained that they had uniquely earned the money that would be taken away by stricter taxes were wron...

How The Spanish Economic Crisis Might Force Alberto Contador To Retire
Alberto Contador is the greatest stage racer of his generation. Even after getting stripped of the 2010 Tour de France and the 2011 Giro d’Italia, he has the fourth-most Grand Tour wins in cycling history, and he’s the third cyclist ever to win the Giro and the Vuelta a España in the same year. The ...

The Competitive-Balance Argument Against Paying Athletes Is Bullshit
High on the list of myths thrown out as excuses to delay or prevent the advent of pay-for-play is that the price-fixing engaged in by the 351 schools in Division 1, and especially the now 128 schools in FBS who play football, is necessary to ensure competitive balance across the sport. ...

How Athletic Departments (And The Media) Fudge The Cost Of Scholarships
Paula Lavigne has an insightful piece on ESPN.com about how college sports thrived even as the rest of America suffered through a terrible economic downturn starting in late 2008. Paula is one of the best people writing in the mainstream sports press on money issues, and this piece is no exception. ...

Teams In The Orange Bowl Don't Make Any Money, And Other Lies
Originally published on Sportsgeekonomics....

Study: NFL Teams Have No Idea What They're Doing In The Draft
Today the Philadelphia Inquirer profiles Cade Massey, a professor at Penn's Wharton School of business. Already with a study under his belt arguing that the conventional wisdom of the Draft Value Chart is all wrong, Massey was contracted by an unnamed NFL team to study the history of the draft for m...

Economists Disagree Over How Influential Jose Canseco Was In Spreading Steroids, Start Getting Personal
With advance apologies for giving any more press to Jose Canseco, you might want to check out a little contretemps happening over at Econ Journal Watch about Canseco's role as the Johnny Appleseed of baseball steroids. There's been a debate for a few years now about Canseco's claims to have spread t...
