Positional Goods - Research Article from Environmental Encyclopedia

This encyclopedia article consists of approximately 1 page of information about Positional Goods.
Encyclopedia Article

Positional Goods - Research Article from Environmental Encyclopedia

This encyclopedia article consists of approximately 1 page of information about Positional Goods.
This section contains 169 words
(approx. 1 page at 300 words per page)

A concept coined by English economist Fred Hirsch (1931–1978) to describe goods or activities whose value depends on their exclusivity. For example, fame is considered a positional good since by definition only a few people can be famous and thus enjoy this "privilege." If everyone were famous, no one would be. Similarly, solitude on a mountain peak or in the wilderness would qualify as a positional good, since if one shared the peak or the wilderness with many other people, one could not experience solitude. Ironically, a positional good tends to diminish its own value because of the high demand it creates: as more people enjoy positional goods, they no longer become exclusive or valued. For instance, automobiles were once a positional good in America, but as more and more people began owning cars, they were no longer such a status symbol. A number of concerned environmentalists contend that access to wilderness areas should be restricted or limited to prevent the destruction of this positional good.

This section contains 169 words
(approx. 1 page at 300 words per page)
Copyrights
Gale
Positional Goods from Gale. ©2005-2006 Thomson Gale, a part of the Thomson Corporation. All rights reserved.