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Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and  Life

Book Specification

Binding Hardcover
Language English
Number Of Pages 336
Author Alan B. Krueger
Publisher Currency
Isbn-10 1524763713
Isbn-13 9781524763718
Dimension 14.48*2.74*21.62

Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life

Alan B. Krueger's Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life

Alan Krueger, a former chairman of the president's Council of Economic Advisers, uses the music industry, from superstar artists to music executives, from managers to promoters, as a way in to explain key principles of economics, and the forces shaping our economic lives.The music industry is a leading indicator of today's economy; it is among the first to be disrupted by the latest wave of technology, and examining the ins and outs of how musicians create and sell new songs and plan concert tours offers valuable lessons for what is in store for businesses and employees in other Industries that are struggling to adapt. Drawing on interviews with leading band members, music executives, managers, promoters, and using the latest data on revenues, royalties, streaming tour dates, and merchandise sales, Rockonomics takes readers backstage to show how the music industry really works--who makes money and how much, and how the economics of the music industry has undergone a radical transformation during recent decades.Before digitalization and the ability to stream music over the Internet, rock stars made much of their income from record sales. Today, income from selling songs has plummeted, even for superstars like James Taylor and Taylor Swift. The real money nowadays is derived from concert sales. In 2017, for example, Billy Joel earned $27.4 million from his live performances, and less than $2 million from record sales and streaming. Even Paul McCartney, who has written and recorded more number one songs than anyone in music history, today, earns 80 percent of his income from live concerts. Krueger tackles commonly asked questions: How does a song become popular? And how does a new artist break out in today's winner-take-all economy? How can musicians and everyday workers earn a living in the digital economy?
Store Price Buy Now
Amazon, Hardcover Rs. 1827.0

Why you should read Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life by Alan B. Krueger

This book has been written by Alan B. Krueger, who has written books like Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life. The books are written in Music category. This book is read by people who are interested in reading books in category : Music. So, if you want to explore books similar to This book, you must read and buy this book.

How long would it take for you to read Rockonomics: A Backstage Tour of What the Music Industry Can Teach Us about Economics and Life

Depending on your reading style, this is how much time you would take to complete reading this book.

Reading Style Time To Finish The Book
Slow 67 hours
Average 33 hours
Good 22 hours
Excellent 11 hours
So if you are a Reader belonging in the Good category, and you read it daily for 1 hour, it will take you 22 days.
Note: A slow reader usually reads 100 words per minute, an average reader 200 words per minute, an average reader 300 words per minute and an excellent leader reads about 600-1000 words per minute, however the comprehension may vary.

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