Joel Waldfogel holds the Frederick R. Kappel Chair at the University of Minnesota's Carlson School of Management. His previous books include Scroogenomics: Why You Shouldn't Buy Presents for the Holidays. He lives in Minneapolis.
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The digital revolution poses a mortal threat to the major creative industries—music, publishing, television, and the movies. The ease with which digital files can be copied and distributed has unleashed a wave of piracy with disastrous effects on re... SEE MORE