Monday, September 10, 2007
The Economics of Football
Football is big business, we only have to look at the wages of the top players to see the amount of money in the game. Football is also an interesting topic for economists because it arouses emotions and passions that often don't fit into neat economic models. I have an uncle who has supported Morecambe F.C. for the past 57 years. He is passionate about football, but, he also tells me he wouldn't watch the premiership because the players get paid "too much money" This is not a unique view, many feel it is obscene how much players earn. However, you wouldn't hear people say I'm not going to buy from Tesco's - it's obscene how much the directors get paid.
This week we will have a series on different aspects of the economics of football. If you have any questions or suggestions feel free to leave comments.
Essays on Football
Picture from: Manchester premier action