Hip Hop-onomics

Defining Economics Role in the Hip Hop Music Industry Alianijah Slade New Jersey City University Abstract This paper explores resources provided by New Jersey City University's Guarini Library and other online sources such as, Google Books and Star-Ledger's Online Articles. These sources define different aspects of both Economics and the Hip-Hop Music Industry. This paper explores these resources and explains what Hip-Hop is, where it was created, and how it was originated. The reader will also learn about the growth of the Hip-Hop Music Industry, the organization of a record label, the government policies in the Hip-Hop music industry, and what Hip-Hop Music's marketing is. Resources relating to Economics will define the ten economic principles, supply and demand, government policies, inflation, elasticity, and the costs of taxation. Throughout this paper the reader will see how each aspect of Economics play a major role in the Hip-Hop music industry and will understand how both Economics and the Hip-Hop Music Industry combine as one. Defining Economics Role in the Hip-Hop Music Industry According to Miyakawa's book Hip-Hop and Hip-Hop Dance: Grove music essentials, Hip-Hop isn't just a genre in the music industry, it is a form of art and expression. Hip-Hop originated in the South Bronx, New York in the 1970s. The person who is known for the creation of Hip-Hop is Clive Campbell, who is also well known in the Industry as DJ Kool Herc. In 1970 he created Hip-Hop by using DJ equipment to create a beat.

Using two turn-tables and the same record on each of them he created a Hip-Hop instrumental. He also created Hip-Hop's break beat which was used in many artists' music in each Hip-Hop era. Miyakawa states that, Hip Hop consists of many different aspects and there are many ways or forms to express it.. For instance, in the 1970s Hip-Hop was expressed through break dancing, DJ'ing, rapping, poetry, and even fashion. Since the 1970s, Hip-Hop has grown tremendously over the years. Each decade has become a specific type of Hip-Hop era. References Cambridge University Press. (2015). the Cambridge Companion of Hip Hop. Greenhaven Press. (2003). Rap & Hip-Hop. Gunderson, J. (2012). Jay-Z: Hip-Hop Icon. Harrison, Thomas. (2011). Music of the 1990s. Lang, P. (2006). Cybersounds: Essays on virtual music culture. Mankiw, N.G. (2017). Essentials of Economics (8th Ed.). Miyakawa, F.M. (2015). Hip Hop and Hip Hop Dance: Grove music essentials. Schloss, J.G. (2004). Making Beats: The art of sample-based Hip-Hop. Walker, J.L., Jr. (2008). The Business of urban music: a practical guide to achieving success in the industry from Gospel to Funk to R&B to Hip Hop. Williams, J. A. (2014). Rhymin' and Stealin': Musical borrowing in hip-hop.

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