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.

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle - that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment - the bonding that occurs between individuals and their meaningful environments - as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book's unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.

Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist and radical structuralist. The four paradigms are founded upon different assumptions about the nature of society and each generates distinctive theories, concepts and analytical tools. Finance theory is based on the functionalist paradigm and for the most part finance theorists are unaware of the philosophical tradition to which they belong. By relating finance to the four paradigms, Ardalan's work offers a concise understanding of the multifaceted nature of finance. He recommends theorists adopt a diversity of paradigms and discusses its benefits by application to the following phenomena: the development of academic finance, the mathematical language of academic finance, the mathematics of academic finance, money, corporate governance, markets, technology and education.

This book discusses eight dimensions of globalization world order, culture, the state, information technology, economics, production, development, and Bretton Woods Institutions from the perspective of four diverse sociological paradigms: functionalist, interpretive, radical humanist, and radical structuralist. This multi-perspective approach forces readers to abandon their preconcieved assumptions and allows them the opportunity to view globalization through new eyes. Kavous Ardalan argues that social theory can usefully be conceived in terms of these four key paradigms because each one is founded upon different assumptions about the nature of social science and each one generates useful theories, concepts, and analytical tools. This method facilitates distancing from one's favored paradigm and appreciating other available approaches to better understand social phenomena. The knowledge of paradigms increases awareness of the boundaries and limitations of each individual paradigm. While most books on the topic focus on particular aspects of globalization from specific viewpoints, this fair and unbiased volume provides readers with a balanced understanding of globalization.

This book discusses eight dimensions of globalization--world order, culture, the state, information technology, economics, production, development, and Bretton Woods Institutions--from the perspective of four diverse sociological paradigms: functionalist, interpretive, radical humanist, and radical structuralist. This multi-perspective approach forces readers to abandon their preconcieved assumptions and allows them the opportunity to view globalization through new eyes.

Kavous Ardalan argues that social theory can usefully be conceived in terms of these four key paradigms because each one is founded upon different assumptions about the nature of social science and each one generates useful theories, concepts, and analytical tools. This method facilitates distancing from one's favored paradigm and appreciating other available approaches to better understand social phenomena. The knowledge of paradigms increases awareness of the boundaries and limitations of each individual paradigm. While most books on the topic focus on particular aspects of globalization from specific viewpoints, this fair and unbiased volume provides readers with a balanced understanding of globalization.

This book applies a multiparadigmatic philosophical frame of analysis to the topic of social revolution. Crossing two disciplines and lines of literature-social philosophy and social revolution-this book considers different aspects of social revolution and discusses each aspect from four diverse paradigmatic viewpoints: functionalist, interpretive, radical humanist, and radical structuralist. The four paradigms are founded upon different assumptions about the nature of social science and the nature of society. Each paradigm generates theories, concepts, and analytical tools that are different from those of other paradigms. An understanding of different paradigms leads to a more balanced understanding of the multi-faceted nature of the subject matter. In this book, the first chapter reviews the four paradigms. Using the Iranian Revolution as exemplar, the next few chapters provide paradigmatic explanations for a particular aspect of revolution: culture, religion, ideology. With this background, the book introduces a comprehensive approach to the understanding of revolution. The final chapter concludes by recommending further paradigmatic diversity. This book will be of particular interest to students and researchers interested in social revolution, political sociology, and political theory.

This book applies a multiparadigmatic philosophical frame of analysis to the topic of social revolution. Crossing two disciplines and lines of literature-social philosophy and social revolution-this book considers different aspects of social revolution and discusses each aspect from four diverse paradigmatic viewpoints: functionalist, interpretive, radical humanist, and radical structuralist. The four paradigms are founded upon different assumptions about the nature of social science and the nature of society. Each paradigm generates theories, concepts, and analytical tools that are different from those of other paradigms. An understanding of different paradigms leads to a more balanced understanding of the multi-faceted nature of the subject matter. In this book, the first chapter reviews the four paradigms. Using the Iranian Revolution as exemplar, the next few chapters provide paradigmatic explanations for a particular aspect of revolution: culture, religion, ideology. With this background, the book introduces a comprehensive approach to the understanding of revolution. The final chapter concludes by recommending further paradigmatic diversity. This book will be of particular interest to students and researchers interested in social revolution, political sociology, and political theory.

This book discusses the relationship between pluralist economics and the case study method of teaching, advocating the complimentary use of both to advance economics education. Using a multi-paradigmatic philosophical frame of analysis, the book discusses the philosophical, methodological, and practical aspects of the case study method while drawing comparisons with those of the more commonly used lecture method. The book also discusses pluralist economics through the exposition of the philosophical foundations of the extant economics schools of thought, which is the focal point of the attention and admiration of pluralist economics. More specifically, the book discusses the major extant schools of thought in economics - Neo-Classical Economics, New Institutional Economics, Behavioral Economics, Austrian Economics, Post-Keynesian Economics, Institutional Economics, Radical Economics, and Marxist Economics-and emphasizes that these schools of thought in economics are equally scientific and informative, that they look at economic phenomena from their certain paradigmatic viewpoint, and that, together, they provide a more balanced understanding of the economic phenomenon under consideration. Emphasizing paradigmatic diversity as the cornerstone of both the case method and pluralist economics, the book draws the two together and makes an effective case for their combined use. A rigorous, multi-faceted analysis of the philosophy, methodology, and practice of economics education, this book is important for academicians and students interested in heterodox economics, philosophy, and education.

This book applies a multiparadigmatic philosophical frame of analysis to the global political economy. Crossing two disciplines and lines of literature-social philosophy and global political economy-this book considers seven aspects of global political economy and discusses each aspect from four diverse paradigmatic viewpoints: functionalist, interpretive, radical humanist, and radical structuralist. The four paradigms are founded upon different assumptions about the nature of social science and the nature of society. Each paradigm generates theories, concepts, and analytical tools which are different from those of other paradigms; developing an understanding of the different paradigms leads to a better understanding of the multi-faceted nature of the subject matter. In this book, the first chapter reviews the four paradigms. Each of the next seven chapters provides four paradigmatic explanations for each of the seven aspects of the global political economy. The final chapter concludes by recommending further paradigmatic diversity. This book will be of particular interest to students and researchers interested in political economy, heterodox economics, political science and international relations.

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle - that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment - the bonding that occurs between individuals and their meaningful environments - as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book's unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.

Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The four paradigms are founded upon different assumptions about the nature of social science and the nature of society. Each generates theories, concepts, and analytical tools which are different from those of other paradigms and together they provide a more balanced understanding of the phenomenon under consideration. This book demonstrates that an understanding of these different paradigms and how they can be applied leads to a better understanding of the multi-faceted nature of political economy. Any explanation of a given phenomenon is based on a worldview. The premise of this book is that any worldview can be associated with one of the four key paradigms. Each chapter of the book takes an important phenomenon (i.e., the state, justice, freedom, democracy, liberal democracy, media, and the great recession) and discusses it from the four different viewpoints. It emphasizes that the four views expressed are equally scientific and informative. They look at the phenomenon from their certain paradigmatic perspective and together provide a more balanced understanding of the phenomenon under consideration. The diversity of economics research possibilities referred to in this book is vast. While each paradigm advocates a research strategy that is logically coherent, in terms of underlying assumptions, these vary from paradigm to paradigm. The phenomenon to be researched can be conceptualized and studied in many different ways, each generating distinctive kinds of insight and understanding. This book is for those who study political economy as well as economic theory and philosophy.

Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The four paradigms are founded upon different assumptions about the nature of social science and the nature of society. Each generates theories, concepts, and analytical tools which are different from those of other paradigms and together they provide a more balanced understanding of the phenomenon under consideration. This book demonstrates that an understanding of these different paradigms and how they can be applied leads to a better understanding of the multi-faceted nature of political economy. Any explanation of a given phenomenon is based on a worldview. The premise of this book is that any worldview can be associated with one of the four key paradigms. Each chapter of the book takes an important phenomenon (i.e., the state, justice, freedom, democracy, liberal democracy, media, and the great recession) and discusses it from the four different viewpoints. It emphasizes that the four views expressed are equally scientific and informative. They look at the phenomenon from their certain paradigmatic perspective and together provide a more balanced understanding of the phenomenon under consideration. The diversity of economics research possibilities referred to in this book is vast. While each paradigm advocates a research strategy that is logically coherent, in terms of underlying assumptions, these vary from paradigm to paradigm. The phenomenon to be researched can be conceptualized and studied in many different ways, each generating distinctive kinds of insight and understanding. This book is for those who study political economy as well as economic theory and philosophy.

This book is about understanding feminist theories and feminist economics through a multi-paradigmatic approach. For this purpose, the book starts with a discussion of four most diverse worldviews or paradigms (i.e., functionalist, interpretive, radical humanist, radical structuralist). Then, it discusses six relevant social aspects (i.e., human nature, feminist theories, family, patriarchy, discrimination, feminist economics) from the viewpoints of the four most diverse worldviews or paradigms. Next, the book looks at some of the writings in the feminist theories and feminist economics literature (such as: feminist research, feminist education, economics versus sociology, and men versus women) from the point of view of the multi-paradigmatic approach to gain a better understanding of the differences. The book concludes by recommending paradigm diversity. This book crosses two existing lines of literature: social philosophy and feminism. The book maintains that social theory can usefully be conceived in terms of four broad paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The book emphasizes that the four paradigms are equally scientific and informative; each looks at a given phenomenon from a certain paradigmatic viewpoint. An understanding of different paradigms leads to a broader and balanced understanding of the phenomenon. Overall, the book advocates paradigm diversity.

This book discusses the relationship between pluralist economics and the case study method of teaching, advocating the complimentary use of both to advance economics education. Using a multi-paradigmatic philosophical frame of analysis, the book discusses the philosophical, methodological, and practical aspects of the case study method while drawing comparisons with those of the more commonly used lecture method. The book also discusses pluralist economics through the exposition of the philosophical foundations of the extant economics schools of thought, which is the focal point of the attention and admiration of pluralist economics. More specifically, the book discusses the major extant schools of thought in economics - Neo-Classical Economics, New Institutional Economics, Behavioral Economics, Austrian Economics, Post-Keynesian Economics, Institutional Economics, Radical Economics, and Marxist Economics-and emphasizes that these schools of thought in economics are equally scientific and informative, that they look at economic phenomena from their certain paradigmatic viewpoint, and that, together, they provide a more balanced understanding of the economic phenomenon under consideration. Emphasizing paradigmatic diversity as the cornerstone of both the case method and pluralist economics, the book draws the two together and makes an effective case for their combined use. A rigorous, multi-faceted analysis of the philosophy, methodology, and practice of economics education, this book is important for academicians and students interested in heterodox economics, philosophy, and education.