The Sports Economist has a very interesting post about a paper concerning the economic impact of building medieval cathedrals and comparing that to building modern sports arenas. The argument is that the full cost is not just price of the arena or stadium, but also the opportunity costs. What else could that money, labor and material be used for?
It’s a pretty interesting (if a bit eggheaded) read.
33 responses to “Modern Cathedrals”
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