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    Fashion Trends

    Literature Review

    2012

    Rafay Salman Mazhar

    BBA/BSC-1 Section L

    2/2/2012

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    The Economics of Fashion Demand

    This article has been written by Dwight E. Robinson. Source: The quarterly journal of

    economics vol.75,No.3 (Aug 1961) P.P 376-398,

    Dwight E. Robinson states. Fashion by definition is a popular style of clothing, footwear

    or accessories. Fashion references to anything that is the current trend in look and

    dress up of a person. The prevailing style in behavior as well.

    The economics of fashion basically refers to spending habits of people spending money

    on buying fashionable clothes, footwear, accessories in times of

    recession,booms,slumps other phases of the economy.

    The author fails to draw any link of spending by people on fashion belonging to different

    parts of the world, since it is not in accordance with their income bracket, the economys

    circumstances at that moment. Moreover, he fails to draw any link of spending linked to

    fashion by third world countries such as India,Bangladesh,Nepal where per capita

    incomes are low while a high proportion if their incomes and savings in spent on buying

    fashionable accessories ,clothes, foot wear and events.

    U.S when faced a major recession all Industries only the cosmetic industry showed

    signs of growth. Moreover, No matter how high the levels of inflation are, peoples

    demand for fashionable accessories continues of rise.

    The hub of western fashion is considered to be Paris.

    Fashionable accessories are exempted from all rules of market and economics. They

    can be categorized as giffen goods o snob goods.

    An Economys spending on fashionable accessories is influenced not by their pocket-

    But becomes a status symbol-a matter of prestige sometimes influenced by traditions in

    the society or these goods are bought in competition from others.

    Fashion

    Author: Beatrice Judelle

    Source: Challenge, Vol.5 No.4 (January 1957)

    pp. 61-64

    Beatrice Judele in this article talks about men and women who are deeply influenced by

    changing fashion trends. The author refers to these people as slaves of fashion- by

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    which She mean these peoples life begins and ends on the world of fashion. On their

    things to do list on the top is Following the latest trends. These people spend time

    going through the latest fashion articles from Paris in magazines.

    Paris being one of the fashion capitals of the world, everyone wants to dress up

    according to the latest fashion trends originating from Paris. Parris is however overrated as the fashion capital. In the authors point of view one should make his/her own

    fashion statement and adapt to their own culture or traditional clothing rather than

    following others fashion trends.

    People change cars, even though they can drive a car more, change furniture which has

    not filled its useful life-just to follow the latest fashion trends. They feel out dated, left

    out or cornered if they dont do what other are doing. According to the author they go

    with the wind. These people are also referred to as followers of the world who gain

    pleasures only through the materialistic approach. Sometimes they even forget what

    suits them. Such as replacing old furniture in an old home without keeping in mind theaesthetics. Wearing odd colors, clothing that doesnt suit them, there culture,

    complexion or bodies physique.

    For industrialists operating in the fashion industry-its an evergreen business of

    stitching, fabrics since they are immune to all economic circumstances.

    Men dont wear velvet you know! Fashionable gay masculinity and the shopping

    experience

    London 1950-1970

    Clare Lomas

    Oral History vol.35 No.1, war and masculinities (spring, 2000) pp.82-90

    Clare Lomas in this article talks about the evolving fashion in the world of me. Those

    clothing styles, fabrics which were once thought to be feminist are worn by men and

    thought to be a sign of fashion or represent a certain social class.

    This fashion includes men who wear velvet, Satan and other shiny fabrics just in order

    to show their wealth or intellect and to show how much they are in touch with the latest

    trends. Tight fitting to clothes and thin fabrics to show their inner bodies has becomeanother fashion symbol.

    The author considers these people who follow these fashion trends as desperate people

    who are trying to gain attention following such cheap fashion trends. In the earlier

    times this type of fashion was followed by gay or impotent men. The author at the

    same time establishes another point the reason why such fashions have taken birth and

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    destroyed the decent art of dressing. The first reason he describes is pop stars such

    as Michael Jackson, Elvis Presley who wear a shiny clothes to their concert leads the

    fans to follow them and wear the same. Some clothing brands have leaded to establish

    such trends by promoting such clothes.

    Now the old saying-Mein dont wear velvet is not taken into account anywhere. In factall colors such as pink, red which were once thought to be feminist are worn by men.

    They dont take into account what impression these colors would leave about them on

    others mind, whether it makes them look bisexual or gay its fashion for them.

    A market research carried by the author says 67% of teen age boys are now much into

    wearing feminist clothing. The author considers its high time for us to restore the

    mens fashion in the way it was once supposed to be.

    Cars and Clothing: Understanding Fashion Trends

    William H. Reynolds

    The Journal of Marketing,Vol.32

    No.3 (July, 1968, pp44-49)

    William H Reynolds talks about fashion products life cycle in the market. Firstly, the life

    cycle is described as the useful life of a product in the market-in relation to the sales.

    Defining the term market- has been quite difficult for the author. In short a market can

    be defined as a place where buyers and seller get together for the purpose of buying or

    selling of commodities.

    The author makes use of televisions as an example as new technological development

    with the invent of color televisions badly affected the market for black and white

    televisions.

    The life cycle for fashion industry cannot be determined, how long it will stay-its cash

    flows and the impact on the market since it is entirely dependent on the tastes and

    choice of people or population. In 1960s long skirts for high school girls were thought to

    be a fashion statement while in the mid 1960s these long skirts became shorter and

    shorter. It became difficult for manufacturers to determine what was next?they

    became more curious for upcoming fashion trends at the same time they realized how

    vulnerable there sales were to changes in peoples tastes and habits.

    The author concludes it is impossible to forecast fashion sales, rather draw a trend line

    since its too uncertain.

    In solution firms in the fashion industry have tried other ways to become fashion

    leaders-by establishing their own fashion statement. This is being done by excessive

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    advertisements publishing model photo shoots. Many firms have adapted to bad

    practices by trying to leak information regarding what their competitors are making.

    Some firms however leak there information deliberately in hope their competitors will

    follow-this would lead the whole market to make the same products-this market will run

    through its market lead approach rather than to be lead by the consumer. The

    consumer in the fashion industry by the author has been considered to be immature.

    T-Shirts help to create positive images

    Barbara D. Parks-Lee

    The English Journal, Vol. 84, No. 5 (Sep., 1995), pp. 104-105

    Barbara D. in this article suggests t-shirts were once thought to be an inferior form of

    clothing thought to be worn by the homeless or the poor. However in the decade they

    are used to establish ones statement.

    By ones statement the author does NOT mean fashion statement-it means to establish

    ones own point of view on some issue or some person that is printed on t shi rts. T-

    Shirts are also used today in order to support a specific cause or a movement.

    A persons own point of view-his character can be judged by the type of print on their t-

    shirts. T-shirts are now not considered to be something for the lower class. Many t-

    shirt companies have now minted money out of this expressive t-shirt business. The

    fitting of t shirts also suggests the persons inner self.

    This article considers a type of material artifact that circulates ideas about regionalspeech in the United States: T-shirts bearing words and phrases thought to be unique to

    Pittsburgh, Pennsylvania. I argue that Pittsburghers shirts, seen for themselves and in

    the context of their production, distribution, and consumption, are part of a process

    leading to the creation and focusing of the idea that there is a Pittsburgh dialect.

    If on a muscular body tight fitted tee, means its a strong tough man.

    Waste Couture: Environmental Impact of the Clothing Industry

    Luz Claudio

    Environmental Health Perspectives, Vol. 115, No. 9 (Sep., 2007), pp. A448-A454

    http://www.jstor.org/stable/4626880?&Search=yes&searchText=shirts&searchText=clothing&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dclothing%2Bshirts%26acc%3Doff%26wc%3Don&prevSearch=&item=18&ttl=6828&returnArticleService=showFullTexthttp://www.jstor.org/stable/4626880?&Search=yes&searchText=shirts&searchText=clothing&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dclothing%2Bshirts%26acc%3Doff%26wc%3Don&prevSearch=&item=18&ttl=6828&returnArticleService=showFullTexthttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Luz+Claudio%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Luz+Claudio%22&wc=onhttp://www.jstor.org/stable/4626880?&Search=yes&searchText=shirts&searchText=clothing&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dclothing%2Bshirts%26acc%3Doff%26wc%3Don&prevSearch=&item=18&ttl=6828&returnArticleService=showFullText
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    In her book Waste and Want: A Social History of Trash, Luz Claudio a professor of

    history at the University of Delaware, traces the progressive obsolescence of clothing

    and other consumer goods to the 1920s. Before then, and especially during World War

    I, most clothing was repaired, mended, or tailored to fit other family members, or

    recycled within the home as rags or quilts. During the war, clothing manufacturers

    reduced the varieties, sizes, and colors of their productions and even urged designers

    to create styles that would use less fabric and avoid needless decoration. The

    governments conservation campaign used slogans such as Make economy

    fashionable lest it become obligatory and resulted in an approximate 10% reduction in

    the production of trash.

    However, the spirit of conservation did not last long; by the mid-1920s consumerism

    was back in style. Industrialization grew in the twentieth century, providing the means of

    increased production of all consumer goods. During World War II, consumption rose

    with increased employment as the United States mobilized for the war. The productionand consumption of many household goods, including clothing, grew by 1015% even

    in the middle of the war and continues to expand to this day.

    A Ready-Made Business: The Birth of the Clothing Industry in America

    Michael Zakim

    The Business History Review, Vol. 73, No. 1 (Spring, 1999), pp. 61-90

    During the early eighteenth century, Great Britain was determined to dominate the

    textile industry. Laws forbade the export of English textile machinery, drawings of the

    machinery, and written specifications of the machines that would allow them to be

    constructed in other countries.

    Britain had the power loom, a steam-powered, mechanically-operated version of a

    regular loom for weaving. Britain also had the spinning frame that could produce

    stronger threads for yarns at a faster rate.

    Meanwhile the stories of what these machines could do excited envy in other countries.Americans were struggling to improve the old hand loom, found in every house, and to

    make some sort of a spinning machine to replace the spinning wheel by which one

    thread at a time was laboriously spun.

    In 1786, in Massachusetts, two Scotch immigrants, who claimed to be familiar with

    Richard Arkwright's British-made spinning frame, were employed to design and build

    http://www.jstor.org/stable/3116101?&Search=yes&searchText=shirts&searchText=clothing&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dclothing%2Bshirts%26acc%3Doff%26wc%3Don&prevSearch=&item=17&ttl=6828&returnArticleService=showFullTexthttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Michael+Zakim%22&wc=onhttp://inventors.about.com/od/cstartinventors/a/power_loom.htmhttp://inventors.about.com/library/inventors/blspinningframe.htmhttp://inventors.about.com/library/inventors/blspinningframe.htmhttp://inventors.about.com/od/cstartinventors/a/power_loom.htmhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Michael+Zakim%22&wc=onhttp://www.jstor.org/stable/3116101?&Search=yes&searchText=shirts&searchText=clothing&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dclothing%2Bshirts%26acc%3Doff%26wc%3Don&prevSearch=&item=17&ttl=6828&returnArticleService=showFullText
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    spinning machines for the mass production of yarn. The inventors were encouraged by

    the U.S. government and assisted with grants of money. The resulting machines,

    operated by horse power, were crude, and the textiles produced irregular and

    unsatisfactory.

    In Providence, Rhode Island another company tried to build spinning machines with

    thirty-two spindles. They worked badly and all attempts to run them by water-power

    failed. In 1790, the faulty machines were sold to Moses Brown of Pawtucket. Brown and

    his partner, William Almy, employed enough hand-loom weavers to produce eight

    thousand yards of cloth a year by hand. Brown needed working spinning machinery, to

    provide his weavers with more yarn, however the machines he bought were lemons. In

    1790, there was not a single successful power-spinner in the United States.

    Used-Clothing Donations and Apparel Production in Africa

    Garth FrazerThe Economic Journal

    Vol. 118, No. 532 (Oct., 2008), pp. 1764-1784

    Garth Frazer in the article states If East Asia has been the international success story

    over the last 30 years in terms of economic growth, trade and human development,

    Africa has been a story of failure. Taiwan,

    Korea, Singapore, Hong Kong, and now China have moved from exports of textiles and

    apparel to increasingly sophisticated electronic and industrial goods as their economies

    have

    grown, and the fruits of that growth have been broadly shared. In contrast, Africa has

    stagnated. In particular, onlookers are puzzled by the inability of Africa, despite its low

    unskilled

    wage levels and strong supplies of cotton, to produce and export textiles and apparel.

    On

    the one hand, African governments have been criticized for a variety of policies that

    have

    inhibited growth in general, and some would argue that these policies are responsible

    for the

    specific failure in textiles and apparel, as well as the overall failure. On the other hand,African governments have charged that imports of used clothing, in the form of cast-off

    donations from industrialized countries, have harmed the textile and apparel sectors in

    Africa.

    This paper will not provide an evaluation of the first causerestrictive or misaligned

    African

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    policies. It will examine the second causenamely, whether the used-clothing imports

    have

    restricted textile and apparel production in African countries.

    There has been a dramatic increase in the donation of used clothing to charities in

    developed countries over the last 20 years. Unable to sell even the majority of this

    clothing

    domestically, charities typically sell the used clothing to exporters who send it at a very

    low cost to developing countries, particularly in Africa (Hansen, 2000).

    The Merchandising Decision under Uncertainty

    Charles B. Riter

    The Journal of Marketing, Vol. 31, No. 1 (Jan., 1967), pp. 44-47

    Charles B. Riter states fashion merchandising is the combination of the processes that a

    new fashion item must go through to be available in mass quantities to the consumer after it is

    left the hands of the designer. Fashion merchandising often gets confused

    with fashion marketing and although they work together, they are two very different things. To

    understand fashion merchandising completely, it is important to examine the role

    that fashion merchandising plays in manufacturing, buying, promoting and selling fashion items.

    In regards to manufacturing, a fashion merchandiser will have significant input on the types of

    fabrics used to make a piece of clothing. Having a strong historical and socio-cultural

    understanding of the fabrics, help change a designers vision into reality. By applying their

    knowledge about fabric and clothing construction, a fashion merchandiser will take a designers

    piece and find the best way to manufacture the item while taking things like price and target

    market into consideration.Buying becomes part of fashion merchandising when a merchandiser buys fashion items to be

    presented in a store. A fashion merchandiser must be aware of the target market for

    thefashion item and also very well-versed in fashion trend analysis and forecasting. This allows

    for more accurate ordering. A fashion merchandiser working with a designer will once again

    offer expertise to the designer on textiles and fabrics.

    In the event that a fashion merchandiser is working for the designer, promoting the designers

    product to stores that may want to buy large quantities is a number one priority. Not only is

    a fashion merchandiser required to have a creative mind and strong visual merchandising skills,

    production skills must be sharp as well. Fashion merchandising promotes a designers items

    through the use of fashion shows where creativity and visual effects must run wild to capture the

    attention of potential buyers. Additionally, fashion merchandisers seek out the target market for

    a designers clothing, such as childrens clothing stores, department stores or discount retailers.

    Vertical Integration and Rapid Response in Fashion Apparel

    James Richardson

    Organization Science, Vol. 7, No. 4 (Jul. - Aug., 1996), pp. 400-412

    http://www.jstor.org/stable/1249301?&Search=yes&searchText=fashion&searchText=merchandising&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dfashion%2Bmerchandising%26gw%3Djtx%26prq%3Dwestern%2Bcasual%2Bclothing%26Search%3DSearch%26hp%3D25%26wc%3Don&prevSearch=&item=7&ttl=2621&returnArticleService=showFullTexthttp://www.jstor.org/stable/1249301?&Search=yes&searchText=fashion&searchText=merchandising&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dfashion%2Bmerchandising%26gw%3Djtx%26prq%3Dwestern%2Bcasual%2Bclothing%26Search%3DSearch%26hp%3D25%26wc%3Don&prevSearch=&item=7&ttl=2621&returnArticleService=showFullTexthttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Charles+B.+Riter%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Charles+B.+Riter%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22James+Richardson%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22James+Richardson%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22James+Richardson%22&wc=onhttp://www.jstor.org/action/doBasicSearch?Query=au%3A%22Charles+B.+Riter%22&wc=onhttp://www.jstor.org/stable/1249301?&Search=yes&searchText=fashion&searchText=merchandising&list=hide&searchUri=%2Faction%2FdoBasicSearch%3FQuery%3Dfashion%2Bmerchandising%26gw%3Djtx%26prq%3Dwestern%2Bcasual%2Bclothing%26Search%3DSearch%26hp%3D25%26wc%3Don&prevSearch=&item=7&ttl=2621&returnArticleService=showFullText
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    The degree to which a firm owns its upstream suppliers and its downstream

    buyers is referred to as vertical integration. It is also referred to as an

    approach for increasing or decre asin g the leve l of cont ro l whic h a f i r m

    ha s ove r i t s inp uts and di st r ib ut ion of outputs. Vert ical integrat ion

    is of two types: backward integration and forward integration. Afirms control

    of its inputs or supplies is known as: backward integration. A firms control of its

    distribution is known as: forward integration.The strategic reasons for opting for a

    vertical integration strategy have changed over theyears. During the 19th century,

    firms used vertical integration to achieve economies of scale. During the

    middle of the 20th century, vertical integration was used to assure a steady

    supply of vital inputs. In some cases, the theory of transaction cost economics

    wasapplied to backward integration or forward integration, as a means to total cost

    reduction.That is, it was cheaper for a firm to perform the role of suppliers and

    distributors than

    tospend t ime and money to in terac t wi th such par t ies . Subsequent ly ,in the late 20thcentury, competition intensified in most industries.

    Corporate restruc tur ing resulted in vertical disintegration by reducing the levels of

    vertical integration in large corporations.

    Mul t ip le fac to rs con t r ibu te to the es tab l i shment and con t inued ex is te

    nce o f l a rge in teg ra ted f i rms desp i te inheren t i ne f f i c ienc ies . These c

    an be described in terms of reduced costs, weak supply networks,

    increased market power, and government policy.These factors are important

    during the early stages of an industry.

    Integrated firms have a cost advantage over smaller firms by avoiding transaction costsin imperfect markets, particularly during early stages of market

    development. Transaction cost includes the cost ofmeasuring output in all

    of its dimensions and the consequence of not measuring it perfectly.

    Conclusion:From the research papers above it can we conclude four basic points.

    1) Fashion trends have been un predictable after the 1960s when skirts becameshorter and shiny clothes became in fashion.

    2) There is nothing known as womens casual wear and mens casual wear all

    clothes are to be uni sex.

    3) Merchandisers lay an important role for development of new fashions and

    achieve best quality with existing fashions.

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    References

    The Economics of Fashion Demand

    This article has been written by Dwight E. Robinson. Source: The quarterly journal of

    economics vol.75,No.3 (Aug 1961) P.P 376-398,

    Fashion

    Author: Beatrice Judelle

    Source: Challenge, Vol.5 No.4 (January 1957)

    pp. 61-64

    Mendont wear velvet you know! Fashionable gay masculinity and the shopping

    experience

    London 1950-1970

    Clare Lomas

    Oral History vol.35 No.1, war and masculinities (spring, 2000) pp.82-90

    Cars and Clothing: Understanding Fashion Trends

    William H. Reynolds

    The Journal of Marketing,Vol.32

    No.3 (July, 1968, pp44-49)

    T-Shirts help to create positive images

    Barbara D. Parks-Lee

    The English Journal, Vol. 84, No. 5 (Sep., 1995), pp. 104-105

    Waste Couture: Environmental Impact of the Clothing Industry

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    Luz Claudio

    Environmental Health Perspectives, Vol. 115, No. 9 (Sep., 2007), pp. A448-A454

    A Ready-Made Business: The Birth of the Clothing Industry in America

    Michael Zakim

    The Business History Review, Vol. 73, No. 1 (Spring, 1999), pp. 61-90

    Used-Clothing Donations and Apparel Production in Africa

    Garth Frazer

    The Economic Journal

    Vol. 118, No. 532 (Oct., 2008), pp. 1764-1784

    The Merchandising Decision under Uncertainty

    Charles B. Riter

    The Journal of Marketing, Vol. 31, No. 1 (Jan., 1967), pp. 44-47

    Vertical Integration and Rapid Response in Fashion Apparel

    James Richardson

    Organization Science, Vol. 7, No. 4 (Jul. - Aug., 1996), pp. 400-412

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