Sher-Superstars' win Rosen, in The American Scholar
(Autumn 1983), 181 1 Q St. N.W., Wash- Fat Salaries ington, D.C. 20009.
Are top baseball players, television news anchors, or rock singers worth the millions of dollars they can earn each year? Yes, argues Rosen, a University of Chicago economist.
Just a few decades ago, such figures were simply "stars." Today, they are called "superstars," an apt inflation in nomenclature, says Rosen, given the vastly expanded audiences...