Circus Maximus

By Andrew Zimbalist,

Book cover of Circus Maximus: The Economical Gamble Behind Hosting the Olympics and the World Cup

Book description

The numbers are staggering: China spent $40 billion to host the 2008 Summer Olympic Games in Beijing and Russia spent $50 billion for the 2014 Sochi Winter Games. Brazil's total expenditures are thought to have been as much as $20 billion for the World Cup this summer and Qatar, which…

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Why read it?

1 author picked Circus Maximus as one of their favorite books. Why do they recommend it?

Olympics organizers love to produce economic impact assessments claiming that hosting this mega-event will boost the local economy by astronomical amounts.

Andrew Zimbalist is an economist who painstakingly illustrates why this is never the case. Circus Maximus is written for a lay audience, rather than an academic one, and is easily read even by us non-economists.

He clearly and methodically demonstrates how and why the Olympics and World Cup have never made money for their host cities, and likely never will. 

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