Traditional sports ranking of community strength:
Teams > Players > League
but esports/socialmedia/fantasy/tradingcard-boom/tech-unbundles-everything has shifted things
Players > Teams > League
Players are realizing it. Teams will be wise to adapt fast.
More from Sport
Aight. Here’s my favorite 2 stories about Bill Russell.
Both stories reveal how much of a humble human being he is. And one blows my mind because it dismantles what we think about the evolution of sports.
A thread:
The first is, that there is an assumption that today’s athletes are faster, stronger, etc. which is is based on ZERO evidence.
For instance, Wilt Chamberlain benched 465 lbs at 59 years old. Arnold Schwarzenegger says he benched 500 lbs on the set of Conan the Destroyer
Most basketball experts say Wilt has the highest vertical leap in NBA history. A few others argue that Michael Jordan did.
I think they’re both wrong.
Why?
Well let me tell you a story:
In 1956 Bill Russell was selected for the US Olympic basketball team
During this time, pros weren’t allowed in the Olympics, so the International Olympic Committee tried to say that he was ineligible since he had already signed with the Celtics, even though he hadn’t played yet
Luckily, Russell prevailed and led the team to the gold medal as the captain.
But if they would have stopped Russell from playing for the US basketball team, he would have STILL been in the Olympics.
How?
Because Bill Russell was one of the greatest high jumpers I. The world.
Both stories reveal how much of a humble human being he is. And one blows my mind because it dismantles what we think about the evolution of sports.
A thread:
Where is the thread? Love when you give us your take on these players. The KC Jones piece was outstanding. Had no idea.
— Bweasey (@Bweasey) December 27, 2020
The first is, that there is an assumption that today’s athletes are faster, stronger, etc. which is is based on ZERO evidence.
For instance, Wilt Chamberlain benched 465 lbs at 59 years old. Arnold Schwarzenegger says he benched 500 lbs on the set of Conan the Destroyer
Most basketball experts say Wilt has the highest vertical leap in NBA history. A few others argue that Michael Jordan did.
I think they’re both wrong.
Why?
Well let me tell you a story:
In 1956 Bill Russell was selected for the US Olympic basketball team
During this time, pros weren’t allowed in the Olympics, so the International Olympic Committee tried to say that he was ineligible since he had already signed with the Celtics, even though he hadn’t played yet
Luckily, Russell prevailed and led the team to the gold medal as the captain.
But if they would have stopped Russell from playing for the US basketball team, he would have STILL been in the Olympics.
How?
Because Bill Russell was one of the greatest high jumpers I. The world.
It's Sunday, Fed blackout, am recovering from soccer match, sipping on double espresso, so of course a perfect time to take on Tyler Cowen here. 🙂
Like many people, I enjoy reading Tyler's blog. But there are times (alright, many times) I disagree with him. This is no big deal. I also disagree with myself sometimes (especially my past self). But his recent post left me
What is he trying to say here? After thinking about it for a bit, I think he's critiquing the idea that "running the economy hot" leads to employment *and* real wage gains. Perhaps the former, but only at the expense of the latter. At least, this is what a textbook IS-LM model
tells us if one "runs the economy hot" through increased fiscal stimulus (on consumption and transfers, not public infrastructure investment). If this is what he meant, then he should have just said so, instead of labeling this a "Keynesian" proposition.
In fact, this property follows as a *neoclassical* proposition that is embedded in the IS-LM framework. (For non-economists, note that Keynes did not invent IS-LM; the framework was developed later by Hicks as an interpretation of *some* parts of the General Theory.)
It is hardly phony, especially on social media, to refer to IS-LM models and the like as \u201cKeynesian.\u201d Krugman pushing it and, for better or worse, rising in popularity.
— tylercowen (@tylercowen) January 17, 2021
Like many people, I enjoy reading Tyler's blog. But there are times (alright, many times) I disagree with him. This is no big deal. I also disagree with myself sometimes (especially my past self). But his recent post left me
What is he trying to say here? After thinking about it for a bit, I think he's critiquing the idea that "running the economy hot" leads to employment *and* real wage gains. Perhaps the former, but only at the expense of the latter. At least, this is what a textbook IS-LM model
tells us if one "runs the economy hot" through increased fiscal stimulus (on consumption and transfers, not public infrastructure investment). If this is what he meant, then he should have just said so, instead of labeling this a "Keynesian" proposition.
In fact, this property follows as a *neoclassical* proposition that is embedded in the IS-LM framework. (For non-economists, note that Keynes did not invent IS-LM; the framework was developed later by Hicks as an interpretation of *some* parts of the General Theory.)
