The recording industry has been fighting music downloads as piracy, saying that the recording business is being hurt by downloads. But “what if the industry is wrong, and file sharing is not hurting record sales? It might seem counterintuitive, but that is the conclusion reached by two economists who released a draft last week of the first study that makes a rigorous economic comparison of directly observed activity on file-sharing networks and music buying. ‘Downloads have an effect on sales which is statistically indistinguishable from zero, despite rather precise estimates’.”