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Full-Text Articles in Business
Financial Literacy Explicated: The Case For A Clearer Definition In An Increasingly Complex Economy, David L. Remund
Financial Literacy Explicated: The Case For A Clearer Definition In An Increasingly Complex Economy, David L. Remund
College of Journalism and Mass Communications: Faculty Publications
This study explicates the concept of financial literacy, which has blossomed in use this century. Scholars, policy officials, financial experts, and consumer advocates have used the phrase loosely to describe the knowledge, skills, confidence, and motivation necessary to effectively manage money. As a result, financial literacy has varying conceptual definitions in existing research as well as diverse operational definitions and values. This study dissects the differing financial literacy definitions and measures, urging researchers toward common ground. A clearer definition should improve future research, in turn helping consumers better understand and adapt to changing life events and an increasingly complex economy.
Promoting Consumerism In West Germany During The Cold War: An Agency Perspective, Frauke Hachtmann
Promoting Consumerism In West Germany During The Cold War: An Agency Perspective, Frauke Hachtmann
College of Journalism and Mass Communications: Faculty Publications
This historical study attempts to explore how advertising, from the perspective of the J. Walter Thompson (JWT) Agency, contributed to the development of consumerism in West Germany during the Cold War (roughly the early 1950s until the late 1980s). The article describes how West Germany rebuilt its economy and eventually developed into the largest exporting country in the world. It also illustrates how advertising as an institution contributed to a functioning consumer society and chronicles the agency’s development in the U.S. and expansion to Germany. Finally, it explores the agency’s insights into consumer behavior in West Germany during the Cold …