How digital technology is upending the traditional creative industries—and why that’s a good thingThe digital revolution poses a mortal threat to the major creative industries—music, publishing, television, and the movies. Cheap, easy self-producing is eroding the position of the gatekeepers and guardians of culture. Does this revolution herald the collapse of culture, as some commentators claim? Far from it. In Digital Renaissance, Joel Waldfogel argues that digital technology is enabling a new golden age of popular culture—a digital renaissance. Analyzing decades of production and sales data, as well as bestseller and best-of lists, Waldfogel finds that the new digital model is just as powerful at generating high-quality, successful work as the old industry model, and in many cases more so.
Joel Waldfogel holds the Frederick R. Kappel Chair at the University of Minnesota’s Carlson School of Management. His books include Scroogenomics: Why You Shouldn’t Buy Presents for the Holidays (Princeton). Twitter @JWaldfogel
Martin Peitz, Joel Waldfogel, University of Mannheim) Peitz, Martin (Professor of Economics, Professor of Economics, University of Minnesota) Waldfogel, Joel (Professor and Frederick R. Kappel Chair in Applied Economics, Professor and Frederick R. Kappel Chair in Applied Economics, Carlson School of Management, PEITZ, Peitz
Martin Peitz, Joel Waldfogel, University of Mannheim) Peitz, Martin (Professor of Economics, Professor of Economics, University of Minnesota) Waldfogel, Joel (Professor and Frederick R. Kappel Chair in Applied Economics, Professor and Frederick R. Kappel Chair in Applied Economics, Carlson School of Management, PEITZ, Peitz