Don't like the idea of the Miami Heat's Big Three taking pay cuts to lure in Carmelo Anthony to form a Big Four super team? Perhaps the solution is a radical one: remove the ceiling on individual player salaries. There is no small measure of poetic justice that the a team in which its top three stars took a discounted salary to allow their owner to sign other strong players (the Spurs) just defeated a team in which the top three stars took the maximum salary possible, leaving the rest of their roster very undermanned (the Heat).
We're living in an art market boom. I'm saving up for my first Jeff Koons'. I may have to settle for stealing a kleenex after he blows his nose in it.
The wonderful economic test beds that are multiplayer video games. “A multiplayer game environment is a dream come true for an economist. Because here you have an economy where you don't need statistics. And elaborate statistics is what you use when you don't know everything, you're not omniscient, and you need to use something in order to gain feeling as to what is happening to prices, what is happening to quantities, what's happening to investments, and so on and so forth. But in a video game world, all the data are there. It's like being God, who has access to everything and to what every member of the social economy is doing.”
