Synopses & Reviews
Koutsobinas presents students, academics, and researchers in economictheory, political economy, sociology, social psychology, and cultural studies with an investigation of the system of statusmarkets, their social effects, and inequality. The author has organized the main body of his text in nine chapters covering theeconomics of status and superstar markets, technology, tastes, and values, psychology and behavioral forces, the anthropology of popularculture and identity formation, and a variety of other related subjects. Theodore Koutsobinas is a faculty member of the University of Patras, Greece.Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
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.