Comment Wrong answer, but the truth is easy to derive (Score 4, Insightful) 212
"At first you might think that a very slow, awkward runner should just walk directly from base to base, except that he'd likely fall down trying to make the sharp turn at first.."
I would like to point something out.
Making a 90 degree turn is physically impossible without coming to a complete stop. If a person immediately applies a force orthogonal to their current velocity, it would not result in a 90 degree turn in the path (but it would probably cause them to fall down). The only way to make a 90 degree turn is to come to a complete stop, then turn, then accelerate in the new direction. There would be no reason for the runner to fall down under these circumstances.
Because our muscles exert a finite amount of force, and force is the time rate of change of momentum, and momentum is mass times velocity, the time required to come to a stop must be proportional to the velocity of the runner.
This confirms the obvious fact that for a walker, the time that it takes to go from walking speed to a full stop is a fraction of a second, and hence there is no measurable time wasted in making a 90 degree turn, and no reason to walk anything other than the shortest path if you are walking.
We know that the optimal path for a faster runner involves some overshooting, and this proves that there is a continuum of optimal paths that is dependent on velocity. It is also clear from Newton's first law, as I showed above, that running faster befits reducing curvature of the path. This applies to any velocity. Thus, in the limit as velocity goes to infinity, curvature becomes ever increasingly important, and hence in the limit the optimal path must be a circle.