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Retro is the fastest growing sector in fashion. Last year newsstands were awash with pulp magazines showcasing '80s icons and now every high street fashion chain is frantically stocking '80s inspired handbags. While most media reports attribute the craze to a rise in nostalgia for the decade of big hair, Madonna and Miami Vice, we think it's facilitated by a more profound cause. Retro is driven by our increasing preference for things that give us pleasure over economic value.