Sports illustrates that when enormous money is at stake, participants will respond to incentives by taking steroids, human growth hormone, and other measures economists would predict; people romantically resist accepting that sports is a lucrative business whose participants respond to incentives, and college football can never return to its earlier form because of the money washing through it.

causalpending

Speaker

Russ Roberts

Evidence Quote

when there's an enormous amount of money at stake people are going to take steroids ... all kinds of things that we predict as economists they would do

Source

David Henderson on Disagreeable Economists 7/30/2007EconTalk
Created: 6/16/2026, 3:03:17 PM

My Notes

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