Money Lawler is a great film about entrepreneurship alertness in the tradition of Israel Kirzner: “When one becomes aware of what one had previously overlooked, one has not produced knowledge in any deliberate sense. What has occurred is that one has discovered one’s previous (utterly unknown) ignorance.” the profit opportunity “was right under my very nose!”
I take a special interest in the Moneyball movie because I used to teach the book in a class. Before I get to the academic comments, I’ll give the movie a thumbs up. It’s a fun movie and, as usual, Brad Pitt puts in a believable performance as a conflicted manager. It’s slow for a modern film, but I liked it. If you are a sports fan and you have a tolerance for chatty films, then you’ll probably like this.
Anyway, the reason I went to see the movie is that tor a while, I taught IU’s course on organizations and work. I used Moneyball to explain two concepts – market imperfections and organizational culture.
Markets are imperfect when buyers and sellers do not incorporate all the available knowledge. Moneyball is really about taking advantage of the fact that most sports team managers don’t use some very basic data to…
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Utopia, you are standing in it! 
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