The Park Place Economist


Major League Baseball is in trouble. The recent players' strike is just one in a series of player/owner problems that have beset this sport over the past century. Since the U.S. Supreme Court granted baseball owners exemption from the Sherman and Clayton Antitrust Acts in 1922, a constant and ongoing battle has been waged between owners and players on what is best for the competitive balance of the game, for the financial stability of the clubs, and for the welfare of the players.