A LIVE conversation with Dr. Kosta Ruslanov, PhD about the role of economics in the Classical music business. We talk about Supply and Demand in music, conceptualizing the 'price' of a musician in economic terms, Taylor Swift and the Matthew effect, ratio of music graduates to available jobs, digital content, importance of adding complementary skillsets, Netflix/Patreon model for digital content, and government funding in music. Support THISCHOIRNERD on patreon for access to exclusive interviews and musical tech content! https://www.patreon.com/thischoirnerd Support Dr. Kosta Ruslanov, PhD on Patreon: https://www.patreon.com/UncleKosta And on YouTube: https://youtu.be/BElMA23-GkA Referenced books: The Economics of Music (The Economics of Big Business) https://a.co/iUxuiWd The Perilous Life of Symphony Orchestras: Artistic Triumphs and Economic Challenges https://www.amazon.ca/dp/0300171935/ref=cm_sw_r_tw_dp_x_rCM-EbYD63CP *Average % of government support for Canadian orchestras: 40% of total income. For the EU it's around 70%, for the US around 10% -The Perilous life of Symphony Orchestras, chapter 7 (for the US), and chapter 10 for the EU and Canada