The world has been bombarded in recent years with images of the luxurious lives and wealth of corrupt oligarchs and kleptocrats, amassed at the expense of ordinary people. Such images exploit our feelings of injustice, are taken as indicative of moral decay, and inspire a desire to purge our economies of dirty money, objects, and people. But why do anti-corruption efforts routinely fail? What kind of world are they creating? Looking at luxury art, antiquities, superyachts, and populist politics, this book explores the connection between luxury and corruption, and offers an alternative to the received wisdom of how we tackle corruption.
The world has been bombarded in recent years with images of the luxurious lives and wealth of corrupt oligarchs and kleptocrats, amassed at the expense of ordinary people. Such images exploit our feelings of injustice, are taken as indicative of moral decay, and inspire a desire to purge our economies of dirty money, objects, and people. But why do anti-corruption efforts routinely fail? What kind of world are they creating? Looking at luxury art, antiquities, superyachts, and populist politics, this book explores the connection between luxury and corruption, and offers an alternative to the received wisdom of how we tackle corruption.
This innovative volume brings together contributions from leading experts in the study of luxury to present the full range of perspectives on luxury business, from a variety of social science approaches. Topics include conceptual foundations and the evolution of the luxury industry; the production of luxury goods; luxury branding and marketing; distributing luxury; globalization and markets; and issues of morality, inequality, and environmental sustainability. The Oxford Handbook of Luxury Business is a necessary resource for all students and researchers of the field as well as for forward-thinking industry professionals.
This book interrogates the transnational field of (anti-)corruption and elite crime. Using the lens of luxury, art, and antiquities, the contributors reconceptualize the driving dialectics of corruption and anti-corruption. Compliance, Defiance and 'Dirty' Luxury brings together scholars across criminology, anthropology, sociology, and the humanities to tackle these dialectics from different angles and positions, digging deeper into these corrupt zigzags of compliance and defiance. This approach reveals a self-reinforcing, accelerating, neoliberal perpetuum mobile churning out a frenzy of public-private crime-fighting initiatives that stimulate the expansion of various control and surveillance architectures which time and again fail. This volume opens new theoretical and empirical paths of investigation for criminologists and anthropologists alike. While the book speaks primarily to academic audiences and graduate students, it also appeals to a broad range of professionals. Tereza Østbø Kuldova is Research Professor and a social anthropologist based at the Work Research Institute, Oslo Metropolitan University, Norway. Jardar Østbø is Professor and Head of Programme for Russian Security and Defence Policy at the Institute for Defence Studies, Norwegian Defence University College. Cris Shore is emeritus Professor of Anthropology at Goldsmiths University of London, UK, and currently Senior Research Fellow at the Institute for Advanced Study, Central European University, Hungary.
This paper investigates the effect of control of corruption on the consumption of luxury goods, after controlling other relevant determinants of luxury spending. The model is empirically tested for 32 developed and emerging economies between 2004 and 2014. Using panel fixed effects, difference generalized method of moments (GMM) and instrumental variable estimation methods, and two measures of the control of corruption (Transparency International Corruption Perceptions Index and the World Bank's Control of Corruption Index), the results show that higher levels of control of corruption decrease luxury spending. This relationship is stronger in countries with higher levels of press freedom and information transparency. These findings offer some important implications. Governments and policymakers may develop and implement regulations that increase transparency in luxury gifting and limit corruption practices. Luxury brand companies should further enhance their due diligence obligations to minimise reputational risks in the long term.
