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Issue link: https://digital.macdirectory.com/i/1496181
in society and wrote an influential book called “The Theory of the Leisure Class.” In it, he explained that people often buy items as a way to gain and convey status. One of Veblen’s key ideas is that not everything in life is purchased because it is easy, fun or high quality. Sometimes harder, more time-consuming or exotic items offer more status. A cake is a great example. Say you offer to bring a cake to a party. You can buy a bakery-made cake that will look perfect and take only a few minutes to purchase. Or you could bake one at home. Even if it’s delicious, it won’t look as nice and will take hours to make. But if your friends are like mine, they’ll gush over the homemade cake and not mention the perfect store-bought one. Buying and playing vinyl records is becoming a status symbol. Today, playing music is effortless. Just shout your request at a smart speaker, like Siri or Alexa, or touch an app on your smartphone. Playing a record on a turntable takes time and effort. Building your collection requires thoughtful deliberation and money. A record storage cube alongside an accompanying record player also makes for some nice living room decor. And now I – the uncool professor that I am – find myself bemoaning the loss of all of those albums I sold years ago.