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The Market Experience
Abstract
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.
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Citations
Cited by
(1997) · American Economic Review · Cited by 1,564
Will Money Increase Subjective Well-Being?
Diener, E., & Biswas-Diener, R. (2002) · Social Indicators Research · doi:10.1023/a:1014411319119 · Cited by 1,555
Mellers, B., Schwartz, A., & Ritov, I. (1999) · Journal of Experimental Psychology: General · doi:10.1037/0096-3445.128.3.332 · Cited by 839
A Constitution for Knaves Crowds Out Civic Virtues
Frey, B. S. (1997) · The Economic Journal · doi:10.1111/1468-0297.00205 · Cited by 699
Public‐Value Failure: When Efficient Markets May Not Do
Bozeman, B. (2002) · Public Administration Review · doi:10.1111/0033-3352.00165 · Cited by 550
Metadata
- Authors
- Lane, R. E.
- Venue
- Cambridge University Press eBooks
- Publisher
- Cambridge University Press
- Published
- 1991-08-30
- OpenAlex
- W2027626445
- Cited by
- 627
- References
- 0
- FWCI
- 38.38
- Type
- book
- Language
- en
- Open access
- closed
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- Lane, R. E. (1991). The Market Experience. Cambridge University Press eBooks. https://doi.org/10.1017/cbo9780511625664
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.