The Political Economy of Status

Superstars, Markets and Culture Change

Theodore Koutsobinas ,

Tap to preview
The Political Economy of Status: Superstars, Markets and Culture Change

About the eBook

This volume is innovative in terms of its subject matter, approach, theoretical development and policy prescription. It should be read by economists and policymakers who want to understand and address significant contemporary changes in society: the growing importance of status markets for goods and their relationship with superstar markets for labour. Theodore Koutsobinas employs a pluralist approach, drawing on psychology, anthropology, sociology and philosophy in order to develop a political economy theory of culture change with respect to status.'
- Sheila Dow, University of Stirling, UK

'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

Show more

In The Press

About the Author

  • Publisher:
  • Published: ; Copyright:
  • ISBN:
  • Edition:
  • Title:
  • Series:
  • Author:
  • Imprint:
  • Language:
  • Number of Pages:  [disclaimer] Page count shown is an approximation provided by the publisher. The actual page count will vary based on various factors such your device's screen size and font-size.

Read online

You can read this ebook online in a web browser, without downloading anything or installing software.

Download file formats

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.

DRM Free

The publisher has supplied this book in DRM Free form with digital watermarking.

Required software

You can read this eBook on any device that supports DRM-free EPUB or DRM-free PDF format.

Digital Rights Management (DRM)

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.

Required software

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:

  • Adobe Digital Editions (This is a free app specially developed for eBooks. It's not the same as Adobe Reader, which you probably already have on your computer.)

Limits on printing and copying

The publisher has set limits on how much of this ebook you may print or copy. See details.

  • {{ format_drm_information.format_name }} unrestricted {{ format_drm_information.format_name }} {{format_drm_information.page_percent}}% pages every day{{format_drm_information.interval}} days {{ format_drm_information.format_name }} off
Read Aloud
  • {{ read_aloud_information.format_name }} on {{ read_aloud_information.format_name }} off
Subject categories
  •  >