This chapter will describe some of the main tenets of psychodynamic or psychoanalytic theory, which can help psychotherapists and financial professionals to better understand our relationship to money and financial matters, and the motivations behind our financial behaviors. Common concepts from psychoanalysis (i.e., id, ego, and superego) will be explored, as well as other concepts central to psychodynamic thinking. The sociological concept of the money taboo will also be discussed as it relates to professionals who may have difficulty addressing money-related problems with their clients. The chapter ends with a comprehensive case study illustrating psychodynamic financial therapy.
KeywordsCash Holding Financial Advisor Pleasure Principle Time Child Care Unconscious Thought
- Freud, S. (1908). Character and anal erotism. (Standard Edition, Vol. 9., pp. 169–175). London: Hogarth.Google Scholar
- Freud, S. (1913). On beginning the treatment. Collected Papers. London: Hogarth.Google Scholar
- Gay, P. (1988). Freud a life for our time. New York: Norton.Google Scholar
- Krueger, D. (1986). The last taboo: Money as symbol and reality in psychotherapy and psychoanalysis. New York: Brunner (Mazel).Google Scholar
- Merriam-Webster. (2014). Psychodynamics. http://www.merriam-webster.com/dictionary/psychodynamics. Accessed 5 Feb 2014.
- Polk, S. (2014). For the love of money. The New York Times. http://www.nytimes.com/2014/01/19/opinion/sunday/for-the-love-of-money.html. Accessed 18 Jan 2014.
- Trachtman, R. (2008). Beyond the fee: Addressing non fee, money-related issues in psychotherapy and psychoanalysis. The Candidate, 3(1). http://www.thecandidatejournal.org/journals/issue3/pdf/TrachtmanVol3.pdf. Accessed 5 Feb 2014.
- Trachtman, R. (2011). Money and psychotherapy: A guide for mental health professionals. Washington: NASW Press.Google Scholar