Journal of Economic Literature
Book Reviews
2026-08-28
Andrew Zimbalist of Smith College reviews “Diamond Dollars: The Economics of Winning in Baseball” by Vince Gennaro,. The EconLit Abstract of the reviewed work begins “Presents new analytical approaches and tools that can help Major League Baseball make the transition to the new management model. Discusses the Major League Baseball business model; the power of winning; winning by the numbers; player valuation--the model; player value--loaded with options; valuing Babe Ruth in his Yankee years; the economics of player development; a strategic approach to assembling the roster; a brand-building approach; the value of fan loyalty; and a new management model. Gennaro is a consultant and author. Index.”