The Economics of Symbolic Exchange - download pdf or read online

By Alexander Dolgin

The e-book addresses the mechanisms of tradition within the electronic age. Its writer, professor at greater university of Economics, tackles a couple of hugely proper matters: the modus operandi of tradition in a marketplace setting, the position of cash within the method and a few equipment meant to assist shoppers within the collection of cultural items which top meet their tastes in a scenario of ever expanding advertisement cultural output.

The economics of symbolic trade is a department of monetary technology facing "personality assets" similar to loose time, consciousness, feelings, and so forth. at this time, those resources are almost unaccounted for, nor used, as a result of inherent impossibility in their size. hence, commonly, the industrial concept getting into the sector of tradition proves particularly helpless.

The publication offers abundant authentic proof in terms of a complete variety of cultural markets: list undefined, e-book publishing, style, community assets and others. specified point out is made up of the "grey" segments of the economic climate, equivalent to the function of pirates and illicit purchasers, or the actions of semi-legal dossier sharing prone allowing unfastened downloads of track and video fabric within the our on-line world. those glimpses into the "grey" territory reveal holes within the "white" markets and contest sure myths. the fabric amassed within the booklet comes right down to relatively a singular outlook on a number of phenomena of latest tradition.

The key goal of this paintings is to introduce into perform a few new administration instruments that are crucial for the luck of any fiscal adjustments within the box of tradition, together with recommendatory providers working as a social establishment of specialist purchaser research of cultural items and services.

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11 How Much Does It Cost to Find a Song You Like? Now, when the passions roused by the invention of Napster have settled, or nearly settled, and it is clear that the major labels are going to force the Internet to serve them, let us turn away from their problems and approach the music business from a different angle. Obviously enough, the mission of the music industry is to offer various tunes and songs, but what is behind that huge variety? It is a fact that every year just under half a million songs are produced, of which only 100 or so become hits.

This information could not be verified. 65 See Appendix 1, Sect. 5. 66 And of course, there was little anybody could do about the music which had already been ‘liberated’. In peer-to-peer networks the problems multiplied: files names were deliberately falsified; there was meddling with the downloading queue, and the process itself could be slowed down, etc. Quite apart from this, glitches occurred with increasing frequency because of the phenomenal volume of traffic. 68 By this time the record labels had virtually gained control of the situation.

From July 1999, Napster offered a facility for exchanging music files in MP3-format user-to-user rather than via a central server. The server merely made it possible to search for music on the computers of other users connected to the Internet. For further details see Appendix 1, Sect. 2. Media Metrix reports that in July 1999, digital music had 4 million listeners in the USA; less than one year previously, there had been only a few hundred thousand. Some of the recordings circulating free of charge in the Napster network were protected by copyright.

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