Photo: #A woman carries a package through the Galleria Nov. 24, 2006 in Houston, Texas.

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Behind the lure of luxury

Broadcast: Midmorning, 09/10/2007, 10:06 a.m.

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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.

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