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The global financial crisis and educational restructuring / edited by Michael A. Peters, João M. Paraskeva & Tina Besley.
- Format:
- Book
- Series:
- Global studies in education ; v. 31.
- Global studies in education
- Language:
- English
- Subjects (All):
- Education--Finance.
- Education.
- Education--Economic aspects.
- Education and state.
- Education--United States--Finance.
- United States.
- Finance.
- Education, Higher--United States--Finance.
- Education, Higher.
- Global Financial Crisis, 2008-2009.
- Education, Higher--Finance.
- Physical Description:
- vi, 335 pages ; 23 cm.
- Place of Publication:
- New York, NY : Peter Lang Publishing, Inc., [2015]
- Summary:
- The Worldwide integration and globalization of finance, an aspect of "financialization," coincided with the use of market-oriented neoliberalism promoting free trade and privatization strategies. New Internet-based technologies have reinforced financial market integration, creating a fragile, globally integrated financial ecosystem that poses new systemic risks and contagion effects characterized by excessive borrowing and ballooning debt, massive asset bubbles, a huge shadow banking system, and financial innovation leading to collateralized debt obligation and securitization. Public education has been at the core of neoliberal privatization strategies and financialization with the trillion-dollar blowout of student loans. Education, once considered a national and global public good tied to the creation of knowledge and the basis of a just and democratic society, has undergone a profound transformation and financial restructuring. This collection of essays by a range of international experts addresses the root causes of this massive change, analyzing the growth of finance capitalism and financialization, as well as the financialization of education and its consequences. The book is a valuable resource for classes in educational reform, education policy, higher education, and educational finance. Book jacket.
- Contents:
- Chapter 1 A Permanent Economic Emergency / Slavoj Zizek Zizek, Slavoj 11
- Chapter 2 Finance Capitalism, Financialization, and the Prospects for Public Education / Michael A. Peters Peters, Michael A., Tina Besley Besley, Tina 21
- Chapter 3 Financialisation, or the Search for Profits in the Sphere of Circulation / Costas Lapavitsas Lapavitsas, Costas 51
- Chapter 4 The OECD on FIRE: Financialization and Socioeconomic Decline in Advanced Economies / Jacob Assa Assa, Jacob 71
- Chapter 5 Financial Governmentality: Wealth-Effect as a Practice of Social Control / Stefano Lucarelli Lucarelli, Stefano, Emanuele Leonardi Leonardi, Emanuele 91
- Chapter 6 The Embers of Truth in the Ashes of Finance / Campbell Jones Jones, Campbell 121
- Chapter 7 Instrumental Reasoning qua Capitalist Rationality: The Embedding of Capitalism within Educational Discourse / Howard Gibson Gibson, Howard 143
- Chapter 8 Financial Fantasy Documents and Public Learning: The Case of the U.S. Financial Crisis Inquiry Report / James Reveley Reveley, James, John Singleton Singleton, John 165
- Chapter 9 The Rationality Crisis in U.S. Higher Education / Clyde W. Barrow Barrow, Clyde W. 177
- Chapter 10 Neoliberal Pedagogy of Debt vs. Debtor Pedagogy: The New Neoliberal Commodities / Joao M. Paraskeva Paraskeva, Joao M., Sheila L. Macrine Macrine, Sheila L. 209
- Chapter 11 Crowding Out Knowledge: Efficiency, Innovation, and Higher Education / Sharon Rider Rider, Sharon, Alexandra Waluszewski Waluszewski, Alexandra 235
- Chapter 12 Who's Afraid of Public Financial Literacy? / Shanti Daellenbach Daellenbach, Shanti 249
- Chapter 13 Financialization and the Production of New Financial Elites through Business Education / Sarah Hall Hall, Sarah 265
- Chapter 14 Education and the Crisis This Time / John Morgan Morgan, John 285
- Chapter 15 Finance-subjectivity: Thinking through the Consequences of the Global Financial Crisis in Education / David R. Cole Cole, David R. 301.
- Notes:
- Includes bibliographical references and index.
- Local Notes:
- Acquired for the Penn Libraries with assistance from the James Hosmer Penniman Book Fund.
- ISBN:
- 1433125390
- 9781433125409
- 1433125404
- 9781433125393
- OCLC:
- 896863313
- Publisher Number:
- 99964141499
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