Philosophy of futility
Encyclopedia
Philosophy of futility is a phrase coined by Columbia University
marketing
professor Paul Nystrom
to describe the disposition caused by the monotony of the new industrial age
. Nystrom observed the natural effect of this malaise was seeking gratification found in frivolous things, such as fashion
able apparel and goods. This tendency, he theorized, could be used to increase consumption
of fashionable goods and services, resulting in a vicious circle of dissatisfaction and the desire for new consumer goods.
The following is a quotation from Nystrom's Economics of Fashion (1928), often cited by historians and analysts of marketing, consumerism
, and commercialism
:
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
marketing
Marketing
Marketing is the process used to determine what products or services may be of interest to customers, and the strategy to use in sales, communications and business development. It generates the strategy that underlies sales techniques, business communication, and business developments...
professor Paul Nystrom
Paul Nystrom
Paul Henry Nystrom was a professor of marketing at Columbia University.Paul Henry Nystrom retired from Columbia in 1950...
to describe the disposition caused by the monotony of the new industrial age
Industrial Age
Industrial Age may refer to:*Industrialisation*The Industrial Revolution...
. Nystrom observed the natural effect of this malaise was seeking gratification found in frivolous things, such as fashion
Fashion
Fashion, a general term for a currently popular style or practice, especially in clothing, foot wear, or accessories. Fashion references to anything that is the current trend in look and dress up of a person...
able apparel and goods. This tendency, he theorized, could be used to increase consumption
Consumption (economics)
Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined in part by comparison to production. But the precise definition can vary because different schools of economists define production quite differently...
of fashionable goods and services, resulting in a vicious circle of dissatisfaction and the desire for new consumer goods.
The following is a quotation from Nystrom's Economics of Fashion (1928), often cited by historians and analysts of marketing, consumerism
Consumerism
Consumerism is a social and economic order that is based on the systematic creation and fostering of a desire to purchase goods and services in ever greater amounts. The term is often associated with criticisms of consumption starting with Thorstein Veblen...
, and commercialism
Commercialism
Commercialism, in its original meaning, is the practices, methods, aims, and spirit of commerce or business. Today, however, it primarily refers to the tendency within open-market capitalism to turn everything into objects, images, and services sold for the purpose of generating profit...
:
See also
- AffluenzaAffluenzaAffluenza, from affluence and influenza, is a term used by critics of capitalism and consumerism. Sources define it as follows:Proponents of the term consider that the prizing of endless increases in material wealth may lead to feelings of worthlessness and dissatisfaction rather than experiences...
- Conspicuous consumptionConspicuous consumptionConspicuous consumption is spending on goods and services acquired mainly for the purpose of displaying income or wealth. In the mind of a conspicuous consumer, such display serves as a means of attaining or maintaining social status....
- Thorstein VeblenThorstein VeblenThorstein Bunde Veblen, born Torsten Bunde Veblen was an American economist and sociologist, and a leader of the so-called institutional economics movement...
- Mass societyMass societyMass society is a description associated with society in the modern, industrial era. "Guided by the structural-functional approach and drawing on the ideas of Tönnies, Durkheim, and Weber, understands modernity as the emergence of a mass society...
- AnomieAnomieAnomie is a term meaning "without Law" to describe a lack of social norms; "normlessness". It describes the breakdown of social bonds between an individual and their community ties, with fragmentation of social identity and rejection of self-regulatory values. It was popularized by French...
- NihilismNihilismNihilism is the philosophical doctrine suggesting the negation of one or more putatively meaningful aspects of life. Most commonly, nihilism is presented in the form of existential nihilism which argues that life is without objective meaning, purpose, or intrinsic value...