Michael Lewis’ 2002 best-selling book Moneyball: The Art of Winning an Unfair Game documents the efforts of Oakland A’s general manager Billy Beane to reimagine the Major League Baseball front office. Rather than relying on outdated statistics, institutional biases and misleading perceptions about players, Beane’s hyper-focus on pure performance data allowed him to snap up undervalued players, and ultimately, compete successfully against richer teams in Major League Baseball.
Or so the story goes.
Since the book’s release, everyone and their second cousin has proposed their own industries take a Moneyball approach. None, however, have been less realistic than the pairing being peddled by Peter Orszag and John Bridgeland – formerly of the Obama and Bush administrations, respectively.