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Introduction: status, superstars and markets

In: The Political Economy of Status

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Abstract

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, Koutsobinas analyses extensively the behavioural evidence from modern interdisciplinary research and contributes constructively to a new genre of economic analysis. The Political Economy of Status compels us to consider seriously 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.

Suggested Citation

  • ., 2014. "Introduction: status, superstars and markets," Chapters, in: The Political Economy of Status, chapter 1, pages 1-13, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15915_1
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    Cited by:

    1. Shi, Wei & Tang, Yinuo, 2015. "Cultural similarity as in-group favoritism: The impact of religious and ethnic similarities on alliance formation and announcement returns," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 32-46.
    2. Stefano AMELIO, 2016. "The Connection between IAS/IFRS and Social Responsibility," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 4(1), pages 7-30, March.
    3. Lee, R., 2016. "Macroeconomics, Aging, and Growth," Handbook of the Economics of Population Aging, in: Piggott, John & Woodland, Alan (ed.), Handbook of the Economics of Population Aging, edition 1, volume 1, chapter 0, pages 59-118, Elsevier.
    4. Jonathan Craft & John Halligan, 2017. "Assessing 30 years of Westminster policy advisory system experience," Policy Sciences, Springer;Society of Policy Sciences, vol. 50(1), pages 47-62, March.
    5. Edquist, Charles, 2016. "The Swedish National Innovation Council: Innovation policy governance to replace linearity with holism," Papers in Innovation Studies 2016/24, Lund University, CIRCLE - Centre for Innovation Research.

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