While critical views inherited from the past still influence our appraisal of fashion, its pervasiveness in contemporary society calls for an explanation. In this article I attempt to show how the importance of fashion in our society is the result of a combination of a structurally modern space and Romantic cultural ideals. I conclude that, despite its frivolous appearance, fashion is not only a powerful social indicator, but also a particular means of bringing together the diverse and often contradictory demands of our human nature through a peculiar exercise of practical judgment.