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And since the supply of prestige assets must be, by definition, limited, the price of such assets is sure to rise.
Large, state-backed infrastructure schemes with predictable revenue streams, in a country like Britain that is unusually relaxed about foreign ownership of prestige assets, could be just the ticket.
The researcher is completing a PhD on the superyacht scene and says the vessels are unique among prestige assets: unlike private jets they are not a useful mode of transport; unlike art and property, they always depreciate in value.
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Seoul takes the money saved and invests it in export-oriented industries, education and other domestic programs, and even prestige military assets, such as a blue water navy designed for use well beyond the Korean peninsula.
The driving force of the capitalist economic system is to get ahead with hard work and clever thinking, get ahead of the crowd in terms of assets and prestige.
In New Jersey, the show increased in size and eliminated its debt but began to lose what Mrs. Wheeler saw as its greatest asset: its prestige.
Connie Profaci, one of the area's prominent Realtors, said the neighborhood's prestige was one of its greatest assets.
Horsemanship has remained a valued social asset and symbol of prestige, but the opening of many new riding clubs and stables has made riding and horsemanship accessible to a much larger segment of the population.
Yet, if the "egalitarian hypothesis" of human uniqueness outlined here is sound, the steady inflation of these common informational goods during more than 1.5 M yrs was driven by an insatiable greed for purely individual, immaterial (who's who) assets such as merit and prestige, among people sharing all their material riches equally.
Henry knew that selling such an asset would affect Liverpool's prestige and he has never wanted Liverpool to be seen as a selling club.
During organizational changes there is a risk that important attributes, qualities and assets are lost, e.g. power, prestige or the feeling of cohesion and fellowship at work, since organizational changes often imply new roles and functions for the employees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com