Behind the lure of luxury

Despite a shaky stock market and a rash of home foreclosures, spending on luxury items continues to rise. Midmorning looks at the business of luxury, and what its continued growth says about our culture.

Guests

• James Twitchell: Professor of English and advertising at the University of Florida and the author of "Living it Up: America's Love Affair with Luxury."
• Tim Kasser: Associate professor of psychology at Knox College and the author of "The High Price of Materialism."
• John Brodie: Assistant managing editor for Fortune Magazine.

Resources

• Fortune: The Business of Luxury
• About James Twitchell
• About Tim Kasser