The weakening of property rights in the music business (de facto, from easy copying) is not alarming, and Apple's iTunes created a better form of property right than the CD; the unintended result of weaker recorded-music rights has been a premium on live music, since concert halls can still close their doors, leading to more touring.

causalpending

Speaker

Paul Romer

Evidence Quote

when I think about would stronger property rights on music be good or bad, I always pass it through the filter of will it actually create more competition in this business of discovering new talent

Source

Paul Romer on Growth 8/27/2007EconTalk
Created: 6/16/2026, 2:38:24 PM

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