New research from Professor Ravideep Sethi shows the value of controlling the legislative agenda.
Elizabeth Miller (QAMO ’23) Presents Research at Policing Conference
In the midst of diminishing power numbers there was the 1981 players strike. In the middle of the ’81 season players walked out and from June 12th to August 10th there was no baseball. Why? Because the owners wanted compensation for losing players to free agency. The players said that equal compensation undervalued free agency, so they called a strike. The public mostly blamed the owners, but ultimately it hurt the game and left a dark stain at the beginning of the decade.
First Annual WHY Conference in Park City
During the 1980s base stealing reached an all-time high. Every season, minus the strike shortened ’81 season, MLB players stole more than 3,000 bases every year. Rickey Henderson, Tim Raines, and countless others dazzled fans with their swiftness, but their speed changed the game, and turned the focus back to more of a small ball mentality.
Research and Policy
Professor Elena Patel joins White House CEA as Senior Economist
Speed was not the only thing that drove drown 1980s Major League Baseball power numbers. Another factor in the deflated home run totals was the increased reliance on relief pitching. For the first time in MLB history batters were consistently facing two to three to four pitchers a game and the constant adjustment to different pitchers negatively affected offensive power. Relief pitchers such as Rollie Fingers, Bruce Sutter, and Steve Bedrosian thrived and even won Cy Young Awards.
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Legacy: Marriner Stoddard Eccles
Government can and should insist on minimum standards of decency in the mode and conditions of life for its people . . . But in the final analysis, these must under capitalism, be enforced and supported by the productivity of the business community itself.
Born in Logan, Utah in 1890, Marriner Stoddard Eccles was a banker and businessman who served chairman of the Federal Reserve from 1934 to 1948. Eccles was an early proponent of government spending as fiscal stimulus, and his ideas pre-date those of John Maynard Keynes.