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Juliet Schor suggests (see pages 60 and 61) a very simple method for calculating the annual costs of status purchases for American society.
1. Juliet Schor suggests (see pages 60 and 61) a very simple method for calculating the annual costs of status purchases for American society. Take any status consumption good of your choosing and calculate its annual cost to society using this method. Be sure to cite your information sources for price and annual consumption rates. I suggest using the internet, marketing briefs, consumer organizations' reports, public financial statements, business census data, or personal experience. Make sure to acknowledge any other costs you are not accounting for in your estimations.
