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Books > Business & Economics > Economics > International economics > International finance
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On the Methodology of Financial Economics - A Multi-Paradigmatic Look at Bias in the Mainstream (Hardcover)
Loot Price: R2,900
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On the Methodology of Financial Economics - A Multi-Paradigmatic Look at Bias in the Mainstream (Hardcover)
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Utilizing a multi-paradigmatic approach in considering the
scientific methodology of mainstream financial economics, and
suggesting improvements, this book identifies eleven biases of the
scientific methodology of mainstream financial economics. It
explores intellectual bias, local bias, fad bias, ideological bias,
automaticity bias, confirmation bias, cultural bias, stereotyping
bias, under-productivity bias, homogeneity bias, and isolation
bias. Applying this approach, which consists of four key paradigms;
functionalist, interpretive, radical humanist, and radical
structuralist; Kavous Ardalan considers the methodology of
mainstream financial economics and identifies these biases, the
rectification of which provides a broad and balanced understanding
of the multi-faceted subject matter. Generating insightful
theories, concepts, and analytical tools, the multi-paradigmatic
approach enables a systematic and methodical approach, in the
discussion of which Ardalan commences with a foundational
philosophical introduction and then applies it to the methodology
of financial economics. The book concludes with useful guidance on
broadening both teaching and research techniques using this
valuable approach in a diverse world. Active scholars and
researchers in financial economics and related fields will find
this a fascinating alternative read to the more traditional books,
alongside those looking for an alternative method of teaching this
all-important field.
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