The NBA’s Miami Heat this off-season added LeBron James to a roster that already included Dwayne Wade and Chris Bosh. If you want an economist’s explanation of why the team will not win a championship, Tyler Cowan at Marginal Revolution offers it here. If you want the same opinion from someone who doesn’t know anything about economics, Norman Chad of the Washington Post chimes in. Both argue that having multiple superstars on a team is counerproductive because it confuses people about their roles.
Oddly, neither mentions the 1980s Ls Angeles Lakers, who won three titles with Hall of Famers Kareem Abdul-Jabbar, Magic Johnson, and James Worthy, or the same decade’s Boston Celtics, who won three titles with HOFers Larry Bird, Robert Parish, and Kevin McHale.
FGS
