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Financial literacy education : neoliberalism, the consumer and the citizen

Author: Chris Arthur
Publisher: Rotterdam ; Boston : Sense Publishers, ©2012.
Series: Educational futures, v. 53.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Consumer financial literacy education often appears as a helpful, commonsense solution to neoliberalism and the individualization of responsibility for economic risk. However, in Financial Literacy Education: Neoliberalism, the Consumer and the Citizen this particular literacy is argued to be both ineffective and unjust. Socially created poverty, unemployment and economic insecurity require more than individual  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Chris Arthur
ISBN: 9789460919183 9460919189
OCLC Number: 858885007
Description: 1 online resource (xviii, 138 pages).
Contents: Financial literacy education --
Capitalist crises, hyperreal finance and creative destruction --
The origins of consumer financial literacy education --
The origins of consumer financial literacy education --
Sign value and the production of financial literacy education --
Financial literacy, discipline, biopower and governmentality --
Critical financial literacy education.
Series Title: Educational futures, v. 53.
Responsibility: by Chris Arthur.

Abstract:

Consumer financial literacy education often appears as a helpful, commonsense solution to neoliberalism and the individualization of responsibility for economic risk. However, in Financial Literacy Education: Neoliberalism, the Consumer and the Citizen this particular literacy is argued to be both ineffective and unjust. Socially created poverty, unemployment and economic insecurity require more than individual consumer solutions; they require collective responses by engaged, critical citizens. Utilizing concepts from Marx, Foucault, Bourdieu and Baudrillard this book challenges those who claim that 'there is no alternative' to neoliberal insecurity and reduce education to a consumerist training of entrepreneurial consumer-citizens who can continually invest in themselves and the market. Through an analysis of consumer financial literacy education's present and historical supports, as well as its likely effects, this book argues that the choice before us is not financial illiteracy or financial literacy. Rather, the choice is between subjugation to the requirements of perpetual competition or overcoming alienation, insecurity and exploitation, aims the critical financial literacy education outlined at the end of this book supports. This book will appeal to those interested in understanding the conditions of our freedom in an increasingly financialized world - critical educators, philosophers and sociologists of education and financial literacy researchers.

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