For a sports fan like myself, this is a big time of year. The baseball season got under way this week. Golfs first major The Masters tees off on Thursday, April 6. And the NHL regular season ends on Sunday, April 9, with the puck dropping for the playoffs on April 12.
But as an economist, author and former college professor, do sports serve as a good tool to help people think about how the economy works?
Of course, professional sports are notable business endeavors. In 2015-16, the NHL took in $4.1 billion in revenue, and Major League Baseball nearly $10 billion last year. And…

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