Friday, September 24, 2004

Moneyball

Moneyball by Michael Lewis is an awesome book. It goes through a season with the Oakland Athletics. Their GM, Billy Beane, not only has developed new ways to think of baseball, the way it is played and the players that should be playing it, but he has also developed a new way of managing a baseball organization. Because of the little amount of money his owner gives him, Billy Beane is forced to view his baseball organizations in a strictly economic sense that analyzes the marginal benefits of wins, compared to the marginal costs of superstars. So not only is it an insight to a successful baseball team, but it is an illustration of a successful business. Good for baseball and business majors alike.

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