The price of victory: comparing the cost of Olympic gold to an elite arts prize

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The Olympics is almost over now for another four years, and beyond the glorious highs and heartbreaking lows of participants and spectators, there’s the ritual of the cost-benefit wash-up where we calculate the public cost per medal, and collectively wring our hands at the expense of it all.

For Australia, that cost will be about A$12 million per medal.

This is the…

Source: The price of victory: comparing the cost of Olympic gold to an elite arts prize

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