Browsing All Posts published on »September 7th, 2006«

Payroll and Wins in Major League Baseball

September 7, 2006 by

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One of the stories we tell in The Wages of Wins is – contrary to conventional wisdom – teams cannot simply buy a championship in Major League Baseball (or any other North American sport, either). Although there is a statistically significant relationship between pay and wins, the economic significance – or as Deirdre McCloskey puts […]