Critical financial literacy: an agenda

Moritz Hütten, Daniel Maman, Zeev Rosenhek and Matthias Thiemann

International Journal of Pluralism and Economics Education, 2018, vol. 9, issue 3, 274-291

Abstract: Following the recent financial crisis, consumer behaviour was framed as central in contributing to financial instability. To heighten the financial responsibility of consumers, programs to increase the financial literacy of the general population are being administered by the OECD and other national and international, public and private organisations. Far from presenting a balanced view of economics or encouraging civic engagement in financial regulation, such programs focus on correcting what is viewed as consumer misconduct. In the process, economic topics are naturalised and become reified. We oppose this 'mainstream' financial literacy, by proposing a critical financial literacy (CFL) program that empowers citizens to question the role of finance in society, and that underscores the importance of representing civil society interests in financial regulation. Hence, we call on civil society organisations and other stakeholders in civil society to contribute to the content of these programs and promote a CFL.

Keywords: financial literacy; financial education; financial regulation; critical financial literacy; critical education; socio-economic education; neoliberalism; financialisation; civil society. (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.inderscience.com/link.php?id=93405 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:9:y:2018:i:3:p:274-291

Access Statistics for this article

More articles in International Journal of Pluralism and Economics Education from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().