Those preferences are greatly shaped by inequality and status consumption. Change the institutional backdrop (which degrowth policy aims to do) and the preferen

Those preferences are greatly shaped by inequality and status consumption. Change the institutional backdrop (which degrowth policy aims to do) and the preferences change. Robert Frank's work is great on much luxury consumption is contagious despite wildly inefficient because it is a relative status game. This Q & A is an intro https://behavioralscientist.org/putting-peer-pressure-to-work-robert-frank-under-the-influence/ https://behavioralscientist.org/putting-peer-pressure-to-wor...