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Kaminsky, D.H. (1996). Money Matters: The Fee in Psychotherapy and Psychoanalysis. Herron, William G. and Sheila R. Welt. New York/London: Guilford Press, 1992, 203 pages, $25.00 (hardback), $16.95 (paper).. Psychoanal. Soc. Work, 3(1):68-70.

(1996). Psychoanalytic Social Work, 3(1):68-70

Money Matters: The Fee in Psychotherapy and Psychoanalysis. Herron, William G. and Sheila R. Welt. New York/London: Guilford Press, 1992, 203 pages, $25.00 (hardback), $16.95 (paper).

Review by:
Dianne Heller Kaminsky, C.S.W., B.C.D.

This book contributes to our understanding of the meaning of money in psychotherapy and psychoanalysis. Freud wrote: “Money matters are treated by civilized people in the same way as sexual matters-with the same inconsistency, prudishness and hypocrisy” (1913, p. 351). Eighty years later many people talk freely about sex, yet remain seclusive about money and feel considerable anxiety, embarrassment, and conflict over openly dealing with money. Financial transactions are part of the therapist-patient relationship, especially during intensive psychotherapy. Yet, therapist education sorely neglects the issue of money in treatment. Conflicts about money, if left unanalyzed, can sabotage treatment. Poorly handled monetary transactions can be a serious source of tension, misunderstanding and ill will. Ignored transference and countertransference issues that involve money can result in destructive collusion.

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