Andrew Zimbalist

Andrew Zimbalist, the Robert A. Woods Professor of Economics at Smith College, is the author of May the Best Team Win: Baseball Economics and Public Policy.

Recent Articles

The American Game

Moneyball: The Art of Winning an Unfair Game By Michael Lewis, W.W. Norton & Company, 288 pages, $24.95 Back in 1922, the U.S. Supreme Court, in its infinite wisdom, declared that Major League Baseball was not involved in interstate commerce and, hence, was exempt from federal antitrust laws. In 1952 and 1972 the Court reaffirmed this judgment, and, as a result, baseball remains an unregulated, legal monopoly. This immunity from the normal discipline of the marketplace has bred managerial arrogance, laxity and inefficiency. Michael Lewis' new book, Moneyball: The Art of Winning an Unfair Game , shows us one more way this has been true. Lewis tells the story of how the Oakland Athletics, on a shoestring budget, have become a successful team. The basic message is that baseball's front offices have been so woefully ineffective and wasteful that a grain of common sense and rudimentary analysis can yield a winning team, even with a low payroll. According to Lewis, until A's General...