In the Wages of Wins we note that we are not too fond of the New York Yankees. Well, today the Yankees were eliminated from the playoffs — demonstrating once again that money alone can’t buy a title in baseball. Plus the Yankees lost to my team, the Detroit Tigers. …
Matthew Yglesias has posted a comment on an article by Greg Johnson in the October 4th issue of the LA Times. Johnson’s article, entitled “Seriously, Money Isn’t Everything”, was also noted in this very forum. The argument advanced by Johnson, which builds upon quotes from noted sports economists Andrew Zimbalist …