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ERIC Number: EJ931251
Record Type: Journal
Publication Date: 2011-May
Pages: 35
Abstractor: As Provided
Reference Count: 80
ISBN: N/A
ISSN: ISSN-1740-2743
Financial Literacy in Ontario: Neoliberalism, Pierre Bourdieu and the Citizen
Arthur, Chris
Journal for Critical Education Policy Studies, v9 n1 p188-222 May 2011
Utilizing concepts from Pierre Bourdieu I argue that the implementation of financial literacy education in Ontario public schools will, if uncontested, support a neoliberal consumer habitus (subjectivity) at the expense of the critical citizen. This internalization of the neoliberal ethos assists state efforts to shift responsibility for socially-created economic risk to the individual. The financial literacy texts that are currently available occlude this and instead encourage the individual to link his or her financial well-being more closely to the performance of the financialized capitalist system. The resulting increased alienation from our further integration works with the resources and fields that are linked to the financial literacy initiative to discourage individuals "qua" consumers from mobilizing or understanding the need to mobilize public resources to collectively mitigate post-Fordist risk effects and, more radically, to abolish capitalism. As an alternative to the Ontario financial literacy initiative I posit some suggestions on how financial literacy could be reformulated to support a citizen with a radical habitus who could question and possibly resist further neoliberalization within and outside the field of education. (Contains 13 footnotes.)
Institute for Education Policy Studies. University of Northampton, School of Education, Boughton Green Road, Northampton, NN2 7AL, UK. Tel: +44-1273-270943; e-mail: ieps@ieps.org.uk; Web site: http://www.jceps.com
Publication Type: Journal Articles; Reports - Evaluative
Education Level: Elementary Secondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Canada