SPORTS
07/30/2013 10:23 am ET

The Economics Of Baseball's War On Drugs

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People sometimes ask what initially got me interested in economics. The truth is that one of the first things that caught my attention was an application of supply-and-demand graphs that explained the war on drugs. What seemed like a set of policies with unpredictable effects actually had some very predictable — and undesired — consequences. Applying these concepts to Major League Baseball’s war on performance-enhancing drugs is naturally an article I was destined to write.

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