The Economics of Sports 5th Edition by Michael A. Leeds
ISBN-13: 9780133022926
As The Economics of Sports reaches its fifth edition, it is interesting for us to reflect
back on the almost fifteen years since we began work on the first edition. When
the first edition was published, the field was relatively new but rapidly growing.
Undergraduate sports economics courses were popular, but not widely offered.
Today, sports economics stands as a vital subdiscipline within applied microeconomics, with new and exciting research being produced by economists from
around the world. Along with the increased research, the number of sports economics courses has grown as well. Throughout this process of growth and change,
sports economics continues to serve as both a mirror and a lens, reflecting our
broader culture and values, while at the same time bringing into focus such fundamental issues as fairness and the legitimacy of free markets. With the passing of
each season, new events unfold in professional and amateur sports that deserve
analysis and explanation. Finally, in the context of this book, sports economics
remains a vital and interesting area of study for students of economics. Sports
provides a seemingly endless set of examples from every area of microeconomics,
giving students the opportunity to study public finance, industrial organization,
and labor markets in a context that holds student interest like no other industry
