The “modern” in “modern finance”: A multi-paradigmatic look

Kavous Ardalan

Research in International Business and Finance, 2018, vol. 45, issue C, 475-487

Abstract: Any adequate understanding of “modern finance” necessarily requires fundamental understanding of what is “modern”. For this purpose, this paper takes the concept of “modern” and discusses it from four different viewpoints, each of which corresponds to one of the four broad worldviews or basic paradigms: functionalist, interpretive, radical humanist, and radical structuralist. The paper emphasizes that the four views expressed are equally scientific and informative; they look at the phenomenon from their certain paradigmatic viewpoint; and together they provide a more balanced understanding of the phenomenon under consideration, i.e., the “modern” in “modern finance”.

Keywords: Modern; Finance; Modern finance; Paradigms; Worldviews; Multi-paradigmatic approach (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S027553191730569X
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:riibaf:v:45:y:2018:i:c:p:475-487

DOI: 10.1016/j.ribaf.2017.08.001

Access Statistics for this article

Research in International Business and Finance is currently edited by T. Lagoarde Segot

More articles in Research in International Business and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().