I read the book when I had an hour to kill once near a waterstones (standing up between the shelves).
It's obviously hideous, but there are a few important things to note:
the surrendered wife is free to leave a husband who doesn't hold his side of the bargain up. he must be the breadwinner (she doesn't need to contribute financially to have a nice lifestyle); and if he has drink problems, or is abusive, or anything like that, the contract is broken, she leaves.
this is interesting to me because I was brought up in a culture where marriage is a sacrament, not a contract. It can't be broken, no matter how badly you are treated. so this is actually more liberal than my heritage in a sense. My mum can get pretty fiery with my dad, and I see that as a necessity: he's the man she's got for life, if he can't behave well, she's miserable. Conversely, the surrendered wife is in a contract and it can be broken and she can leave.
It also shows that it is quite unusual in our culture for the man to fulfil his side of the bargain and "deserve" a surrendered wife. How many men can keep a family to a high standard of living without the woman having some paid work too?
There is a (horrible) logic to it, in that it probably does reduce conflict to allow your partner to own their domain and never interfere or criticise. But the problem is that - it has been proven time and time again - that better decisions are made collaboratively than by individuals. This is true even of competent individuals, but with the tendency of your average man to be incompetent, it is terrifying to think of women being encouraged to entrust their entire material future and security to his hands.
And then there's mean, a whole other thing.
Dangerous.