The economics of Olympic success

 

Tyler Cowen and Kevin Grier evaluate the economics of olympic success and how to boost a country’s medal count

Tyler Cowen and Kevin Grier

“The Olympic Games are competitions between athletes in individual or team events and not between countries.”
— International Olympic Committee

“USA, USA, USA”
— American sports fans

We are again in the midst of the quadrennial spectacle of naked nationalism and amazing athletics that are the Summer Olympics, and the question on everyone’s mind is who will win the most medals. Not which person — which country.

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