Toward Finance with Meaning
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Toward Finance with Meaning: The Methodology of Finance, What it is and What it Can be(v. 80 Contemporary Studies in Economic & Financial Analysis)

Toward Finance with Meaning: The Methodology of Finance, What it is and What it Can be(v. 80 Contemporary Studies in Economic & Financial Analysis)

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About the Book

This is a critique of the methodology of finance, which aims to advance methodology and meaning as important concerns of finance and stress the importance of a philosophical perspective on finance. It discusses what this philosophy of finance is, what it might be and why philosophy has not mattered thus far. Chapter 2 looks at traditional science and its underlying belief structure, whilst Chapter 9 describes alternative methods by which finance as a social science can be studied. Another chapter envisions the research opportunities which would arise if finance were to broaden its scope to accept new methodologies and methods and to broaden its reward structure to recognize the accomplishments of researchers who apply them.

Table of Contents:
Part 1 Introduction and philosophical background: scientism. Part 2 The methodological foundations of financial economics: the philosophical justification - Friedman's positivism; a critique of Friedman's positivism; the paradigms of finance and their evolution. Part 3 Logical inconsistencies - the case of finance and risk: positive, normative and useful finance (or is it a plane, a bird, a man) - the history of CAPM; risk, uncertainty and probability - language and concepts; the history of risk measurement. Part 4 Practice and language: the language of mathematics; the language of finance - a duality of culture. Part 5 The sociology of financial economics: how and why this happened; the profession and practice. Part 6 Finance with meaning: meaning; alternative methods; concluding remarks.


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Product Details
  • ISBN-13: 9780762301638
  • Publisher: Elsevier Science & Technology
  • Publisher Imprint: JAI Press Inc.
  • Height: 230 mm
  • Sub Title: The Methodology of Finance, What it is and What it Can be
  • Width: 150 mm
  • ISBN-10: 0762301635
  • Publisher Date: 31 Jan 1997
  • Binding: Hardback
  • Series Title: v. 80 Contemporary Studies in Economic & Financial Analysis
  • Weight: 601 gr


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Toward Finance with Meaning: The Methodology of Finance, What it is and What it Can be(v. 80 Contemporary Studies in Economic & Financial Analysis)
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