Article: Ain`t misbehaving!

Marcus Wolf has published an article on “Behavioral economics and the making of financial literacy” in the latest issue of Economic Sociology – The European Electronic Newsletter. This issue is dedicated to “The Laws of Economics” and is the second issue edited by Olivier Godechot (Science Po). In his contribution, Marcus links the ascent of financial lietarcy as political project to the rise of behavioral accounts within the field of economics. By doing so, he connects the sociology of professions and the histroy of economic ideas in order to shed light on the impressive academic and political career of financial literacy as alleged solution to financial market imbalances. Particulary, Marcus argues that the idea of financial literacy has served as a coalition magnet and aims at further deepening the financialization of the everyday life through discoursively disapproving “out-of-date” financial behavior.