9 Mar 2010

The Effect of Luxury

Readers of the Robb Report, the leading journal for luxury lifestyles are unlikley to be overly concerned but recent research by Roy Y.J. Chua of Harvard Business School suggests that luxury lovers or buyers are selfish, self-centred, and in some cases a bit lazy.

While luxury does not necessarily encourage one to harm others, it does seem to casue one to be less concerned or considerate toward them. The research by Chua, an assistant professor at London Business School, suggests that limiting access to corporate luxuries and excesses may help make senior executives behave more responsibly towards society.