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Economics

Brigham Young University

2017

Music

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American Prosperity Faces The Music, Douglas E. Archibald Mar 2017

American Prosperity Faces The Music, Douglas E. Archibald

FHSS Mentored Research Conference

If music influences people, what influences music? Intuitively, it is inspired by cultural traditions, changes in technology, and the zeitgeist of nations. On an even deeper level, it is inspired by demand. People will not buy music that does not give them utility. Now, how can someone know what type of music is in demand, or will be in demand? What factors influence music demand, and by studying these can future music trends be predicted? The purpose of this study is to discover how the economic well-being of a nation influences the demand for certain types of music, and if …