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A Phoenix Fiction Writer Rising From The Ashes of Nonfiction



Understanding  Economics 
by Michael T. Martin

These pages started because I was listening to a sports talk show during a basketball strike, and all the callers, the moderator, and even news commentators berated the players for increasing ticket prices.

What upset me was, players' salaries cannot increase ticket prices. Notice I did not say "will" not, nor "have" not, nor "should" not. I said "cannot." It is simply impossible for basketball players' salaries to affect ticket prices. People think the owners will just pass the costs on to the customers. Only they can't, and they won't.

People will only do what they are capable of doing. Business owners and business customers will behave according to economics. Understanding economics can be a little difficult, but here is a simplified explanation of why basketball players' salaries cannot affect ticket prices.

Next: The Constraint of Money



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