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Children's Saving - A Study in the Development of Economic Behaviour (Paperback)
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Children's Saving - A Study in the Development of Economic Behaviour (Paperback)
Series: Psychology Library Editions: Child Development
Expected to ship within 12 - 17 working days
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Originally published in 1993, this book presents an alternative
approach to the study of the emergence of economic awareness during
childhood: a new developmental economic psychology! In the past,
attempts to study the emergence of children's economic
consciousness have failed to take account of the practical nature
of the "economic" in the history of western cultures. Economic
socialisation has been seen as the acquisition of abstract
knowledge about the institutions of adult economic culture. The
child has been seen as a spectator, acquiring knowledge of that
culture, but never really a part of it. However, economic actions,
in essence, are directed not towards the attainment of knowledge,
but rather towards the practical solution of problems of resource
allocation imposed by constraint. Children, just like adults, are
faced with practical problems of resource allocation. Their
response to these problems may be different from those of adults
but no less "economic" for that. This realisation forms the heart
of this book. In it children are seen as both inhabitants of their
own "playground" economic subculture and actors in the wider
economic world of adults, solving, or attempting to solve,
practical economic problems. In order to highlight this
"child-centred" approach, the authors studied the way children
tackle the particular problems posed by limitations of income. How
do children learn (a) the relationship between choices available in
the present and the future, (b) to spread their limited financial
resources over time into the future and (c) about the strategies,
such as banking, that allow them to protect those resources from
threats and temptations? In short, how do children learn to save?
This volume goes some way to answering these and related questions
and in so doing sets up an alternative framework for the study of
the emergence of economic awareness.
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