Name: The Evolution of Luxury
Brand: T&F
SKU: 9780367351229
Price: 3194.0 INR
Availability: InStock

The Evolution of Luxury

by Taplin

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ISBN13: 9780367351229
Binding: Paperback
Subject: Business Management
Publisher: T&F
Publisher Imprint: Routledge
Publication Date: January 1, 2019
Pages: 184
Original Price: GBP 39.99
Language: English
Edition: N/A
Item Weight: 250 grams
BISAC Subject(s): Marketing / General, Management, and Commerce

About The Book

This book offers a unique analysis of how our definitions of luxury have changed over the ages, and with that the role and actions of both suppliers and buyers of luxury products. It traces the way luxury was seen as avarice and emblematic of morally corrosive behavior in past societies, to being viewed in more virtuous terms as the inevitable outcome of structural changes that legitimize the acquisition and display of wealth. It examines the origins of the shift from criticism to acceptance, and traces these changes to fundamentally different notions of what constitutes the basis for social order.

Whereas pre-industrial hierarchies cloaked inequality in various secular and sacred guises to mitigate its presence, capitalism justified and reified inequality as a measure of individual success and initiative through interdependent market behavior. The result of this transformation is that status markers have become aspirational tools as hierarchies became porous and self-identity less ascriptive.

Correspondingly, as demand for luxury became legitimized, the supply side underwent dramatic changes. Such changes are explored fully in the sectors of fashion, art and wine. As demand for high priced and scarce goods in each of these sectors has increased, in each case key actors have manipulated markets to purposefully either consolidate their pre-eminence or manufacture the requisite scarcity that affords them canonical status.

The demand for and supply of luxury goods is now global; consumers seeking validation and affirmation of their status whilst producers engineer scarcity. Luxury is seen not only as good; it is virtuous, its demand possibly insatiable and extremely profitable.

About The Author

Ian Malcolm Taplin is Professor of Sociology and International Studies at Wake Forest University and Visiting Professor at Kedge Business School, Bordeaux. He is the author of numerous articles and books on the organization of work in the clothing industry and the evolving structure of markets in the wine industry in Napa California, North Carolina and Bordeaux. He is the North American Editor of the Journal of Fashion Marketing and Management.

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