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The fundamental forces: technology, tastes and values

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. "The fundamental forces: technology, tastes and values," Chapters, in: The Political Economy of Status, chapter 3, pages 45-57, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:15915_3
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    Cited by:

    1. Murray, Portia & Orehounig, Kristina & Grosspietsch, David & Carmeliet, Jan, 2018. "A comparison of storage systems in neighbourhood decentralized energy system applications from 2015 to 2050," Applied Energy, Elsevier, vol. 231(C), pages 1285-1306.
    2. Thacker, Kendall S. & Barger, K. McCall & Mattson, Christopher A., 2017. "Balancing technical and user objectives in the redesign of a peruvian cookstove," Development Engineering, Elsevier, vol. 2(C), pages 12-19.
    3. Bramstoft, Rasmus & Pizarro-Alonso, Amalia & Jensen, Ida Græsted & Ravn, Hans & Münster, Marie, 2020. "Modelling of renewable gas and renewable liquid fuels in future integrated energy systems," Applied Energy, Elsevier, vol. 268(C).
    4. Petkov, Ivalin & Gabrielli, Paolo, 2020. "Power-to-hydrogen as seasonal energy storage: an uncertainty analysis for optimal design of low-carbon multi-energy systems," Applied Energy, Elsevier, vol. 274(C).
    5. DJAHINI, Edém, 2015. "Les principaux déterminants de la compétitivité internationale en Afrique Sub-saharienne [The main determinants of international competitiveness in Sub-Saharan Africa]," MPRA Paper 65024, University Library of Munich, Germany, revised 16 Jun 2015.

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