Obama's Economics Adviser knows "Rockonomics"
Posted 9 months ago by jackl - 19 comments Link: http://phi.sh/b/4e5d3d69
According to the New York Times article yesterday, President Obama's choice for a key economics adviser, Alan B. Krueger, a Princeton University professor, knows a lot about labor markets and unemployment, having written a key study on the minimum wage and effects on jobs. But Krueger also has a wide ranging set of interests in economic subjects, including a 2004 paper he co-authored on the concert industry entitled "Rockonomics: The Economics of Popular Music", online here.
The summary abstract of the paper states that it:
"... considers economic issues and trends in the rock and roll industry, broadly defined. The analysis focuses on concert revenues, the main source of performers’ income. Issues considered include: price measurement; concert price acceleration in the 1990s; the increased concentration of revenue among performers; reasons for the secondary ticket market; methods for ranking performers; copyright protection; and technological change.
Comments
Anyway, the "so what" here is that the "music industry" and "concerts" are an important enough source of economic activity that serious economists study "rockonomics". And apparently that there's enough money in the biz that economists want to look at the economic and business side of music too.
It's not "only rock and roll" anymore to Very Serious People[tm] is the point I guess.
now the group thinkers will vote down this comment for not being supportive of 'our dear leader' and I won't be able to post again.
Phish isn't political.
Cheers.
Thanks for injecting that into the conversation.
The post isn't political. It doesn't endorse or degrade. It merely point out that the business of "Rock" is large enough that the economics of Rock is important enough to have been studied by the man in charge of the President's economic advisers.
In other words, this is a Phish website, Phish plays Rock, Rock is economically important enough that the economists at the highest level of Govt took enough interest to study Rockonomics.
Rock is really BIG MONEY.
You needed to read a pdf from the President's economic team to gain the deep insight that "Rock and Roll" is big business?
That is almost as lame as the President's economic team looking at the "Rock and Roll" business for economic business models.
I come to this website to read about Phish, not to talk politics, not to trade insults. I didn't post the article, I objected to it. You object to my objection, that's cool. The name calling is petty though.
This weekend is gonna kick so much ass.
Do you honestly think this comment section would have had anything to do with politics had you not almost singlehandedly derailed it? I looove that you're now acting all conciliatory after your first three posts in this thread, in order: (1) insulted the OP, (2) insulted the OP again, and (3) compared Obama to Kim Jong-Il. But you aren't here "to trade insults!" Gosh no, you were just looking for a low-key, rational discussion and everyone jumped on you!
Either you are a troll or you've got personal problems of your own to deal with. Either way, I'm wasting my time in this thread.