The Economics of Music – 2nd Edition

In July 2021, the fully updated 2nd edition of “The Economics of Music” has been published by Agenda Publishing, which was reviewed by the eminent cultural economist David Throsby in the TIMES Literary Supplement: https://www.the-tls.co.uk/articles/the-music-business/

 

Promotional text:

The music industry is one of the most dynamic business sectors. It has had to evolve and adapt to continually changing technologies and business models. Its latest challenge has been Covid-19 and the loss of live music at a time when live performance outstrips music sales as the primary source of income for today’s artists. The second edition of this much used introduction to the economic workings of the music business explores the impact of the pandemic at every level of the sector and considers how the business model may need to change going forward as different stakeholder positions shift. The new edition also examines new trends in the music industry such as the increasing dominance of tech companies and data, the increasing importance of CMOs as market players, the increased role of artist management, which has impacted on new business contracts, as well as changes to how we use music in our everyday lives and how this impacts on new entrepreneurial behaviours around music.

The Economics of Music SECOND EDITION

Peter Tschmuck

Hardback  €79,71 | £60.00  |  $90.00   ISBN 9781788214261

Paperback €26.57 | £18.99  |  $30.00   ISBN 9781788214278

e-book      €18,38 | £18.99  |  $30.00   ISBN 9781788214292

 

264 pages   |  210 x 148mm   |  08 July 2021

 

Series: Economics of Big Business

 

Book order: https://www.agendapub.com/books/165/the-economics-of-music-second-edition

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Introducing our guests: Alan Krueger (Princeton University)

“Music Life Is Live” is the main topic of the 9^th Vienna Music Business Research Days from Sep. 12-14, 2018. In presentations and discussions music business representatives and music business researchers focus this time on the political economy of music festivals and the economics of the international concert and touring business. Find the program here.

The former Chairman of President Barack Obama’s Council of Economic Advisers, Professor Alan Krueger holds a keynote on “The Economics of the International Live Music Business” in Joseph Haydn-Hall at the University of Music and Performing Arts Vienna on Sep. 14 from 15:00-15:45 by video conference from Princeton University.

Alan Krueger is the Bendheim Professor of Economics and Public Affairs at Princeton University.  He has published research on the gig economy, minimum wage, value of education, income inequality, terrorism, and Rockonomics. Since 1987 he has held a joint appointment in the Economics Department and Woodrow Wilson School at Princeton University.

Professor Krueger served as Chairman of President Barack Obama’s Council of Economic Advisers and a Member of the Cabinet from 2011 to 2013.  He also served as Assistant Secretary for Economic Policy and Chief Economist of the U.S. Department of the Treasury in 2009-10 and as Chief Economist of the U.S. Department of Labor in 2004-05.

He was elected Vice President of the American Economic Association in 2016, and is the founding President of the Music Industry Research Association (MIRA). He was elected a Fellow of the Econometric Society in 1996, and a fellow of the Society of Labor Economists in 2005. He was awarded the Kershaw Prize by the Association for Public Policy and Management in 1997 (for distinguished contributions to public policy analysis by someone under the age of 40) and the Mahalanobis Memorial Medal by the Indian Econometric Society in 2001. In 2002 Professor Krueger was elected a fellow of the American Academy of Arts & Sciences, and in 2003 he was elected a fellow of the American Academy of Political and Social Science. He was awarded the IZA Prize in Labor Economics in 2006.  He was awarded the Moynihan Prize by the American Academy of Political and Social Science in 2017.

He received a B.S. degree from Cornell University in 1983, and A.M. and Ph.D. in Economics from Harvard University in 1987.

 

 

The Economics of Streaming – book presentation event in London on June 15, 2017

My new book – The Economics of Music – that has been recently published by Agenda Publishing will be presented to the public in a MusicTank event at the University of Westminster from 7:00pm-9:30pm on June 15, 2017. After a short introduction to the book , I will discuss the question “The Economics of Streaming: Full Stream Ahead?” with Sally Gross (University of Westminster), Peter Jenner (Sincere Managment) and Mark Mulligan (Midea Research Consulting) chaired by Keith Harris (Keith Harris Music Ltd.).

Location: Fyvie Hall, University of Westminster, 309 Regent Street, London, W1B 2UW

Date: June 15, 7:00pm to 9:30pm

Click here for more information: MusicTank webpage

 

Peter Tschmuck, 2017, The Economics of Music. Newcastle-upon-Tyne: Agenda Publishing.

Hardback £55.00 | $70.00 ISBN 9781911116073

Paperback £16.00 | $23.00 ISBN 9781911116080

e-book £16.00 | $23.00 ISBN 9781911116097

Buy a book copy here: Agenda Publishing

 

 

 

 

 

Book review: The Economics of Music by Peter Tschmuck

My new book “The Economics of Music” is now avaiable in the bookstores. “The Economics of the Music” is a concise, scientifically grounded textbook on the economic fundamentals of the music industry in particular and the music economy in general. It aims to highlight the economic principles that govern the music business by analysing music as an economic good that is protected by copyright law. The book therefore includes a chapter on the microeconomics of music as well as a chapter on the economics of music copyright that is mainly based on findings of institutional economics. The main parts of the book focus on the different sectors of the music industry – music publishing, sound recording, the live music market, and secondary markets such as media and advertising – in order to explain the network of actors in those sectors and how these markets are organised and linked. The music labour markets are treated in a separate chapter. It highlights different income streams for musicians, occupational careers in the music business, and music-related occupations in the wider music economy (education, advocacy, lobbying, etc.). Since digitization has a tremendous impact on the music business, a final chapter on the “Digital Music Business” highlights the new rules, structures, and processes that were established by the digital revolution in order to foreground the structural break the music economy underwent. The last chapter, therefore, refers back to the opening chapter on “A Short Economic History of the Music Business,” which provides an overview from music patronage  to the current digital music economy.

Peter Tschmuck, 2017, The Economics of Music. Newcastle-upon-Tyne: Agenda Publishing.

Hardback £55.00 | $70.00 ISBN 9781911116073

Paperback £16.00 | $23.00 ISBN 9781911116080

e-book £16.00 | $23.00 ISBN 9781911116097

Buy a book copy here: Agenda Publishing