Implications of the Bartering System in Counseling and Psychotherapy: An Economic Psychology and Ethical Approach

Abstract

Introduction:The topic of bartering in psychotherapy is intriguing, especially in this day and age. The current ongoing events could invoke economic turmoil or a new monetary system that could call for an improvisation towards the medium of exchange in counseling and psychotherapy. The bartering system seems to be an ideal alternative, especially during times of economic uncertainty. This paper will further discuss the history of money and its progress, how the psychology field is addressing the barter system and professional recommendations for the bartering system in counseling and psychotherapy. Conclusions: Even though the barter system has its benefits and limitations, during desperate times, such as a military conflict, economic collapse, or financial recession, the capability of the barter system would eventually be disregarded as this system is readily equipped for the population to utilize. Scholars in the field should further expand the ethical aspects of the barter system so that it could be beneficial for current and future clinicians in clarifying any ethical ambiguities in practice.