The Price of Prestige

(lily) #1

explaining conspicuous consumption 25


of many social institutions to be unobservable to those who are part of the

society. For Bourdieu, for example, a social practice is to a large extent

defined by generating actions that occur “without presupposing a con-

scious aiming at ends or an express mastery of the operations necessary

to attain them.... The schemes of the habitus, the primary forms of clas-

sification, owe their specific efficacy to the fact that they function below

the level of consciousness and language, beyond the reach of introspective

scrutiny or the control of the will.... It functions as a sort of social orien-

tation, a ‘sense of one’s place’, guiding the occupants of a given place in

social space towards the social positions adjusted to their properties, and

towards the practices or goods which befit the occupants of that position”

(Bourdieu 1990 , 53 , 466 – 67 ; Trigg 2001 ).^48 Steven Lukes ( 2005 ), similarly,

argues that power structures often operate subconsciously by affecting ac-

tors’ preferences. Furthermore, in the prestige case, strong norms restrain

an open discussion of conspicuous consumption — one does not wish to be

seen as smug or vain. Because prestige is a positional quality, an explicit ad-

mission of prestige- seeking behavior is likely to trigger emulative reac tions

by other actors. Thus, acknowledging conspicuous consumption openly

can be self- defeating.

Instead of acknowledging prestige- seeking motivations, actors often

justify the purchase of expensive goods by reference to higher quality, aes-

thetics, cultural sophistication, interesting design, famous brands, or similar

quasi- functional assertions. Veblen describes the process through which

acts of conspicuous consumption get wrapped in a tangle of mitigating val-

ues. While initially conspicuous consumption was admired exactly because

it was expensive, over time it gained other meanings, such as efficiency, re-

solve, or aesthetic value. Furthermore, “whereas at the start the wealth was

desired only secondarily, as one of the marks of prestige, later it was desired

because by itself it conferred prestige”(Andersen 1933 , 610 ). Actors will

therefore tend to motivate their behavior in terms of wealth rather than

prestige.^49 Hence, research on conspicuous consumption often has to rely

on indirect evidence — not on the articulated rationale of actors but rather

on their observable behavior.

This methodological problem is not exclusive to the study of Veblen

effects. All theoretical approaches that rely on actors’ preferences suffer

from a similar difficulty. Because their starting point lies in an assumption

about preferences, rational choice approaches are especially susceptible

to this shortcoming. Samuelson ( 1947 , 91 – 92 ) offers a classic formulation

of this problem: “Consumers’ market behavior is explained in terms of
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