Money: Metaphors and Motives



This chapter provides a historical and personal account of the development of our understanding of the psychology of money over the past 30 years. Classical psychological theories (such as those of Freud and Skinner) are briefly considered, as is the characteristics approach to money before our more recent attempt to propose a tool/drug theory of money, and its subsequent reception, is described. The current state of the empirical literature on money is summarised, including a section on the research on money and happiness. We conclude that money is a tool and a drug, but that its efficiency as a tool creates its drug-like properties, and that it often provides us with pleasure without doing us any good.


Life Satisfaction Debit Card Economic Psychology Mental Time Travel Affective Forecast 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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© Springer Science+Business Media New York 2014

Authors and Affiliations

  1. 1.Department of PsychologyUniversity of ExeterExeterUK
  2. 2.School of Oriental and African Studies (SOAS)University of LondonLondonUK

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