Extravagance and Misery: The Emotional Regime of Market Societies

Cover
Series
Extravagance and Misery
Copyright
Dedication
Contents
Acknowledgements
Introduction
1. The Problem of Inequality
	Propositional Summary
	Introduction
	1.1 The Facts of Inequality
	1.2 The Structural Basis of the “New” Inequality
	1.3 Is America an “Outlier”?
	1.4 Inequality and Globalization
2. Empirical Data on Inequality and the Dual Economy
	Propositional Summary
	Introduction
	2.1 The Critique of Rent Seeking
	2.2 Wage Suppression and the Dual Economy
	2.3 Rent Seeking, Resentment, and Angrynomics
3. Addressing Inequality: A Normative Framework
	Propositional Summary
	Introduction
	3.1 The Badness of Inequality
	3.2 Distinctions of Caste and Class
	3.3 Domination, Wealth, and Anxiety
	3.4 A Distinction Within Egalitarianism
4. Recruiting the Science of Happiness
	Propositional Summary
	Introduction
	4.1 Problematic Correlations
	4.2 A Positive Role for the Science of Happiness?
	4.3 Going Beyond the Spirit Level
5. Emotions, Explanations, and Emotional Regimes
	Propositional Summary
	Introduction
	5.1 A General Conception of Emotions
	5.2 The Justificatory Role of Emotions
	5.3 Emotions in Social Explanations
	5.4 Universalism or Constructivism About Emotions?
	5.5 Reddy’s Conception of Emotional Regimes
	5.6 Other Aspects of Emotional Regimes
	5.7 The Emotional Appeal of Market Fundamentalism
6. Rousseau, Smith, and Hegel on the Emotional Regimes of Commercial Society
	Propositional Summary
	Introduction
	6.1 Rousseau’s Originating Critique
	6.2 From Rousseau to Smith
	6.3 From Smith to Hegel
	6.4 The New Inequality in a Classical Frame
	6.5 Rousseau’s, Smith’s, and Hegel’s Emotional Regimes
7. The Emotional Regimes of Roman Republicanism and Political Liberalism
	Propositional Summary
	Introduction
	7.1 Republicanism’s Economy of Esteem
	7.2 Political Liberalism’s Emotional Regime
	7.3 Rawlsian Stability in a Rousseauian Frame
8. The Promises and Failures of Capitalist Market Societies
	Propositional Summary
	Introduction
	8.1 The Continuing Appeal of Smith’s Ideal
	8.2 Extending the Model to Financialized Capitalism
	8.3 Veblen: The Engineer Versus the Capitalist
	8.4 Kalecki: The Disciplinary Role of Unemployment
	8.5 The Proliferation of Capitalist Discipline
	8.6 Financialization and the Disciplinary Role of Debt
	8.7 Can Smith’s Ideal Survive in the Twenty-​First Century?
9. Positional Goods and Opportunity Hoarding
	Propositional Summary
	Introduction
	9.1 Hirsch on Positional Goods
	9.2 Opportunity Hoarding
	9.3 Positionality and Cultural Legislation
	9.4 Positionality, De-​Marketization, and Public Goods
10. The Science of Happiness, Inequality, and Well-​Being
	Propositional Summary
	Introduction
	10.1 Why (Not) Use Empirical Evidence About Happiness and Well-​Being?
	10.2 General and Specific Conceptions of Well-​Being
	10.3 Our Approach: Ecumenical Yet Committed
	10.4 Well-​Being: Methodological and Normative Issues
	10.5 Well-​Being and Emotional Regimes
	10.6 Income, Wealth, and Well-​Being
	10.7 Income and Wealth Inequality and Its Relation to Well-​Being
	10.8 Using the Science of Happiness
11. Inequality, Shame, Envy, and Admiration: A Smithian Perspective
	Propositional Summary
	Introduction
	11.1 The Inevitability of Shame in Stratified Societies
	11.2 The Moral Psychological Impact of the Shame of Poverty
	11.3 Shame, Stigmatization, and Rationality
	11.4 Smith and Admiration for the Rich
	11.5 Veblen and Emulation of the Rich in Market Societies
	11.6 Admiration, Emulation, and Envy in Capitalist Market Societies
	11.7 Ought We to Disregard Envy and Admiration for the Rich?
12. The False Promise of Meritocracy and Its Emotional Regime
	Propositional Summary
	Introduction
	12.1 A Short History of Meritocracy
	12.2 Meritocracy as an Incoherent Ideal
	12.3 Meritocracy as an Unrealizable Ideal
	12.4 Meritocracy as an Unstable Ideal
	12.5 The Falsity of the Meritocratic Explanation of the New Inequality
	12.6 The Functional Role of Meritocratic Beliefs
	12.7 Merit’s Role in the Emotional Regime of Capitalism
	12.8 The Impact of Meritocratic Beliefs on Well-​Being
	12.9 Meritocracy, Oppression, and Affective Injustice
13. Liberal and Republican Emotional Regimes Revisited
	Propositional Summary
	Introduction
	13.1 Strong and Weak Egalitarianism and Social Stability
	13.2 Self-​Respect, Confidence, and Mutual Investment
	13.3 Full Employment and the De-​Commodification of Labour
	13.4 Realistic Utopianism About Work: Eliminating Bottlenecks
	13.5 De-​Marketization, Public Goods, and the Commons
	13.6 Rawlsian Associationalism: Putting Positionality in Its Place
	13.7 A People’s Money
	13.8 Priorities Without Prioritarianism
Conclusion
List of Works Cited
Index of Names
Index of Terms