New dynamics of social status and distinction
Author(s) -
Eckhardt Giana M.,
Bardhi Fleura
Publication year - 2020
Publication title -
marketing theory
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.64
H-Index - 65
eISSN - 1741-301X
pISSN - 1470-5931
DOI - 10.1177/1470593119856650
Subject(s) - consumption (sociology) , flexibility (engineering) , conspicuous consumption , sociology , identity (music) , social dynamics , dynamics (music) , taste , epistemology , social science , psychology , economics , neoclassical economics , management , aesthetics , pedagogy , philosophy , neuroscience , institutional economics
We explore emerging dynamics of social status and distinction in liquid consumption. The new logic of distinction is having the flexibility to embrace and adopt new identity positions, projects, and possibilities and the ability to attract attention. The importance of flexibility and attention as resources emerged from the social sciences literature in the domains of digital, access based, and urban consumption as being the most important for achieving distinction in the contemporary marketplace. We then conceptually reexamine conspicuous consumption and taste and show that status signaling now relies upon inconspicuousness, non-ownership including experiences, and authenticity based on knowledge and craftsmanship, all of which are difficult to emulate. Our contribution lies in integrating disparate literature on social status and consumption within one conceptual space. We also build upon the concept of liquid consumption by outlining exactly how liquidity affects status and distinction, an area which has not been explored to date.
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