The Politics of Glory
It is an important book from the point of view of sabermetrics, in that it introduces a number of concepts designed to analyze who gets into, and should get into, the Hall of Fame (some of these were previously introduced in James's annual Baseball Abstracts in the 1980s).
Its main fault is that it tends to downplay, and almost ignore, the value of ex-players serving as broadcasters, general managers, and in other off-the-field roles. While James defends his decision to do so, nevertheless it ignores the fact that numerous Hall of Famers may have gotten over the edge because they were successful broadcasters for a fairly long period of time. Examples, of course, are Don Drysdale, Ralph Kiner, Duke Snider, Phil Rizzuto, Richie Ashburn, and Dizzy Dean.
The book was re-issued in 1995 in a paperback edition as Whatever Happened to the Hall of Fame?