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Education & Language | Financial Literacy Education - Neoliberalism, the Consumer and the Citizen

Financial Literacy Education

Neoliberalism, the Consumer and the Citizen

Arthur, Chris

1st ed. 2012, XVIII, 139 p.


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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 fi nancial literacy education’s present and historical supports, as well as its likely effects, this book argues that the choice before us is not fi nancial illiteracy or fi nancial literacy. Rather, the choice is between subjugation to the requirements of perpetual competition or overcoming alienation, insecurity and exploitation, aims the critical fi nancial 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 fi nancialized world – critical educators, philosophers and sociologists of education and fi nancial literacy researchers.

Content Level » Research

Keywords » litaracy - neoliberalism

Related subjects » Education & Language

Table of contents 

Acknowledgements; Introduction: The Neoliberal Response to the Economic Crisis; Chapter 1: Financial Literacy Education; Chapter 2: Capitalist Crises, Hyperreal Finance and Creative Destruction; Chapter 3: The Origins of Consumer Financial Literacy Education Liberal and Neoliberal Subjectivity; Chapter 4: The Origins of Consumer Financial Literacy Education Neoclassical Economics and Consumer Education; Chapter 5: Sign Value and the Production of Financial Literacy Education; Chapter 6: Financial Literacy, Discipline, Biopower and Governmentality; Chapter 7: Critical Financial Literacy Education; Conclusion: Overcoming Obstacles; References; Index.

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