Market Power

Musings by an academic economist on the power of markets and the power over markets.

Monday, December 13, 2004

This is Downright Heartening to an Economist

Not all local newspaper columnists think that we economists are pencil-necked obstructionist clowns just because we think that public investing in professional sports stadiums are bad ideas. Check out this column by David Neal of the Miami Herald. Here's one quote:

"If the Marlins want to go to Vegas, let them go. If they want to stay here, let them build their own stadium."

Here's another:

"And the first person to mention 'revitalization' gets slapped for insulting the public's intelligence. Wasn't Miami Arena supposed to 'revitalize' Overtown? A few buildings aside, that area still looks and feels like the worst parts of Detroit."

And Miami is not alone in this regard.