As recorded music formats repeatedly changed during the past 50 years, we saw the progress that creative destruction can create.
How Vinyl and Streaming Are Similar
Changes in recorded music sales were fueled by new formats that started with vinyl and eventually became streaming.
Weekly Roundup: From Baseball Contracts to Super Bowl Ads
Our week’s everyday economics include inflation, supply and demand, income mobility, property rights, incentives, default, CDS, and monopoly pricing.
Hey, Spotify. Taylor Swift called. She wants her money.
With the music industry moving from CDs to streaming, firms like Spotify have created new supply and demand and new incentives for performers and providers.