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The Market Experience - Robert E. Lane

The Market Experience

Paperback

Published: 27th January 1992
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In a period when market economies are widely recognized as the most desirable form of economic organization, 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. Lane proposes that the market be judged primarily by its capacity to yield two benefits: happiness and personal development, the latter defined as cognitive complexity, autonomy or a sense of being in control of one's own life, and self esteem. Traditional attention to production outputs and economic rewards has, says Lane, blinded us to the important ways in which the processes of production contribute to the two benefits of happiness and personal development. Lane lays the foundation for a form of economic analysis that attends to processes as well as outcomes and by drawing on psychology, sociology, and economic anthropology for extensive evidence employed to support his arguments, he provides the basis for a fundamental change in the way we think about economics and society. Robert Lane is the author of many books and articles, among them Political Life (1959) and Political Man (1972). He is a Past President of the American Political Science Association, Policy Studies Organization and International Society of Political Psychology.

'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

Acknowledgements
Introduction
Cognition and emotion
Self-attribution and self-esteem
Human relations
Work
Rewards
Utility and happiness
Conclusion
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521407373
ISBN-10: 0521407370
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 644
Published: 27th January 1992
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 24.6 x 18.9  x 3.0
Weight (kg): 0.89
Edition Type: Annotated