True Luxury | When Goods Provide More Than They Cost

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	True Luxury \| When Goods Provide More Than They Cost

trendagitator

10-27-2007 11:31 AM

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tags:

luxury, tyler cowen, marginal revolution, trend agitator

trendagitator says:

Tyler Cowen, my fave pop economist, touched on a subject I discussed at last fortnight's Luxury Marketing Council's panel discussion. True luxury in today's segmented economy is absolutely anything that gives back more than it costs. Read his blog for more no-nonsense wisdom on Satanists, weather patterns and the working poor.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/b857ef01-8868-42f0-ae55-0f85acd63a95/973BAC8B-8612-483F-A5F0-7248BE11D189/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marginalrevolution.com/marginalrevolution/2007/10/does-studying-e.html" href="http://www.marginalrevolution.com/marginalrevolution/2007/10/does-studying-e.html" style="font-size: 11px;">www.marginalrevolution.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marginalrevolution.com/marginalrevolution/2007/10/does-studying-e.html"><P>
1. I cherish my consumer surplus. I value most of the stuff I buy way more
than what I have to pay for them; vanilla ice cream makes me happy
beyond belief, and the same is true for the music of Dream Theater and
the (soon to be purchased) Apple iphone. And what am I asked to pay for them? Peanuts.
</P></blockquote><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content7.clipmarks.com/images/clip-icon.gif" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.marginalrevolution.com/" href="http://www.marginalrevolution.com/" style="font-size: 11px;">www.marginalrevolution.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.marginalrevolution.com/"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.marginalrevolution.com/img/FD747CD9-7CA4-435E-B2F5-78702004927A" alt="" /></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/973BAC8B-8612-483F-A5F0-7248BE11D189/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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