- Subject index
This vital new handbook marks the development of sports studies as a major new discipline within the social sciences. Edited by the leading sociologist of sport, Eric Dunning, and author of the best selling textbook on sport in the USA, Jay Coakley, it both reflects and richly endorses this new found status. Key aspects of the Handbook include: an inventory of the principal achievements in the field; a guide to the chief conflicts and difficulties in the theory and research process; a rallying point for researchers who are established or new to the field, which sets the agenda for future developments; a resource book for teachers who wish to establish new curricula and develop courses and programmes in the area of sports s
Chapter 9: Economics and Sport
Economics and Sport
The economics of sport were given their first credentials when, 40 years ago, S. Rottenberg (1956) published his ‘trailblazing’ article on the economics of the baseball labor market, in a leading journal of economics, the Journal of Political Economy, edited by members of the Department of Economics at the University of Chicago. The department is well known for believing that the (neoclassical) principles of economics can be applied to all subjects and that free markets have the ability to achieve desirable outcomes, a somewhat ironic belief given the geographical location of the university, surrounded by run-down residential black ghettos. At the time Rottenberg first tackled the economics of professional baseball, the future Nobel Prize recipient, Gary Becker, was dealing with the ...