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

Payroll and Wins in Major League Baseball

September 7, 2006 by


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 […]