More on Kevin Murphy and the NBA
By David Henderson
On September 26, I wrote a blog post titled, “Note to David Stern and the NBA: Be Afraid; Be Very Afraid.” In it, I noted that the NBA players’ union had hired one of the smartest economists in the world, Kevin Murphy of the University of Chicago.
Then, on October 12, this article appeared. It affirms what I had said about how good Kevin Murphy is. One excerpt:
His [the union official’s] answer was that their economist Kevin Murphy had the task of predicting how owners would spend under the last CBA, back when it was new. Looking back, they realize his work was, the official says, “pretty much perfect.”
So as the league comes up with a tax they say is not really a hard cap, they don’t just have to convince players. They also have to convince that genius