In particular, as I’ll explain, the real puzzle here is why Taylor Swift doesn’t make even more money. Inspired in part by the work of my late former colleague Alan Krueger, I have in fact weighed in on Taylor Swift in historical perspective before. So, Taylor Swift makes a lot of money. But on the surface, that’s not what’s happening with Taylor Swift or Beyoncé. They’re making huge sums not mainly from record or streaming royalties but from concerts — which is, by the way, normal.

---

Persons: Taylor Swift, Alan Krueger, Sherwin Rosen, ” Rosen