'Global inequality represents the challenge of our age. The Political Economy of Status demonstrates that rising inequality involves profound cultural, psychological, and philosophical changes because it is interlinked with the meteoric growth of superstar markets - that is, markets for positional goods, which now permeate most economies. Consequently, taking on inequality will require not just smart economic policies, but moral leadership.- Gary Dymski, University of Leeds, UK
'Consumption is a theme that many economists avoid and, after reading this important work by Koutsobinas, it should be clear why: it is a highly complex topic that can only be understood if insights from a number of different perspectives are seamlessly combined. Through a comprehensive examination of these perspectives, Koutsobinas achieves this in his book, offering a fundamental contribution to how the social sciences understand consumption.'
- Wilfred Dolfsma, University of Groningen, the Netherlands
In this timely book, Theodore Koutsobinas explores the system of status markets and their social effects including inequality. He explains how media fascination with superstars and luxury consumption goods amplify positional concerns for all, distort the aspirations of the middle class and cause relative deprivation.
Building on themes first identified by Veblen and Galbraith, the author analyses extensively the behavioral evidence from modern interdisciplinary research and contributes constructively to a new genre of economic analysis. The Political Economy of Status compels us to seriously consider redistributive culture change policies targeted to assist the underprivileged.
This book will be a valuable and lively reading resource for academics in various fields including economic theory, political economy, sociology, social psychology and cultural studies.
Contents: 1. Introduction : Status, Superstars and Markets 2. The Economics of Status and Superstar Markets 3. The Fundamental Forces: Technology, Tastes and Values 4. Psychology and Behavioural Forces 5. The Anthropology of Popular Culture and Identity Formation 6. The Sociology of Distinction, Superiority and Deprivation 7. Contentment, Politics and the Philosophy of Superiority 8. Alternative Policies for Positional Activities 9. The Political Economy of Status and Culture Change Policy Index
You can read this ebook online in a web browser, without downloading anything or installing software.
This ebook is available in file types:
This ebook is available in:
After you've bought this ebook, you can choose to download either the PDF version or the ePub, or both.
The publisher has supplied this book in DRM Free form with digital watermarking.
You can read this eBook on any device that supports DRM-free EPUB or DRM-free PDF format.
The publisher has supplied this book in encrypted form, which means that you need to install free software in order to unlock and read it.
To read this ebook on a mobile device (phone or tablet) you'll need to install one of these free apps:
To download and read this eBook on a PC or Mac:
The publisher has set limits on how much of this ebook you may print or copy.