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The political economy of status and culture change policy

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 political economy of status and culture change policy," Chapters, in: The Political Economy of Status, chapter 9, pages 168-186, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:15915_9
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    1. repec:zbw:bofrdp:urn:nbn:fi:bof-201508211363 is not listed on IDEAS
    2. repec:zbw:bofrdp:2015_016 is not listed on IDEAS
    3. Delis, Manthos D. & Hasan, Iftekhar & Tsionas, Efthymios G., 2015. "Firms’ risk endogenous to strategic management choices," Research Discussion Papers 16/2015, Bank of Finland.
    4. repec:bof:bofrdp:urn:nbn:fi:bof-201508211363 is not listed on IDEAS

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