By Alexander Dolgin
The ebook addresses the mechanisms of tradition within the electronic age. Its writer, professor at greater university of Economics, tackles a couple of hugely appropriate matters: the modus operandi of tradition in a marketplace setting, the function of cash within the approach and a few equipment meant to assist shoppers within the number of cultural items which top meet their tastes in a scenario of ever expanding advertisement cultural output.
The economics of symbolic alternate is a department of monetary technology facing ''personality resources'' reminiscent of unfastened time, awareness, feelings, and so forth. at the present, those resources are almost unaccounted for, nor used, a result of inherent impossibility in their size. accordingly, in general, the commercial inspiration getting into the sphere of tradition proves fairly helpless.
The booklet offers abundant actual facts with regards to an entire variety of cultural markets: list undefined, ebook publishing, type, community assets and others. distinctive point out is made from the ''grey'' segments of the financial system, comparable to the position of pirates and illicit buyers, or the actions of semi-legal dossier sharing providers permitting unfastened downloads of song and video fabric within the our on-line world. those glimpses into the ''grey'' territory disclose holes within the ''white'' markets and contest sure myths. the cloth accrued within the ebook comes right down to particularly a singular outlook on a variety of phenomena of up to date tradition.
The key goal of this paintings is to introduce into perform a few new administration instruments that are crucial for the good fortune of any financial alterations within the box of tradition, together with recommendatory prone working as a social establishment of specialist purchaser research of cultural items and services.
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Extra info for The Economics of Symbolic Exchange
Knowing that they have to run a marathon, performers flog to death any musical theme which they have found successful. Anybody unable to go the distance or to feign elation is rejected by the system. 75 The opinion of the representative of one of the sides cannot, of course, be taken as ultimate truth. We are still some distance away from that. What matters to the consumer is not only the total number of works of high quality, but also how and whether they can be rescued from the flood of offerings.
All these things together made it a good 10 times faster to find and acquire music as against buying discs in a shop. There was, in any case, a widespread belief on the part of the public that the $15 price of a legal CD included a massive profit taken by the majors. 7 Music lovers also did not take kindly to the padding out of albums, which seemed parsimoniously to include only one and a half hits, while the rest was ballast put in to justify the price. 8 This was very much in line with the ideology of the Internet community, which regarded copyright as a relic of the past.
In their view this was just something the offline world would have to come to terms with. 5 On the scale of piracy, see Appendix 1, Sect. 1. 6 From 7 This 2004 the price began to fall slightly. 2. is not the case, but consumers may believe it is. 8 In the course of a survey carried out by the Pew Research Center March–May 2003, 79 per cent of US users who downloaded music replied that they did not pay for it, and roughly two-thirds gave no thought to the matter of copyright. 1 The Popular Liberation Movement in Music 13 The vulnerability of the sound industry to the technologies of Internet distribution could have seen this sector of the economy disappear.
The Economics of Symbolic Exchange by Alexander Dolgin