In a period when market economics are widely recognised as the most desirable form of economic organisation, Robert Lane offers evidence that the major premises of market economics are mistaken. Lane shows that work, far from being a disutility, as economic theory would have it, is instead one of two major sources of lifetime satisfaction, and that money income, despite being a source of utility that compensates a person for his or her sacrifices at work, contributes very little to a sense of well-being. This reversal of the premises of market economics suggests a major, axial shift in the way we think about our economies.
• Robert Lane expounds a radical new theory challenging the way we think about economics and society • He draws on psychology, sociology and economic anthropology to assess the true roles of money income and work in our society
Acknowledgements; Part I: Introduction; Part II: Cognition and emotion; Part III: Self-attribution and self-esteem; Part IV: Human relations; Part V: Work; Part VI: Rewards; Part VII: Utility and happiness; Part VIII: Conclusion.
'This will surely be one of the most important social science books of the 1990s and beyond. It bridges the social sciences with the ease and confidence only a mature scholar, at the top of his career and intellectual power, can accomplish … Lane writes clearly and powerfully and in terms we all can relate to. He is exceptionally erudite and he draws on, cites, and commands an incredible array of literature.' Amitai Etzioni, George Washington University