How to Study Inequality of the Finance Capitalism Era

Kuat B. Akizhanov
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Kuat B. Akizhanov: Academy of Public Administration under the President of Kazakhstan

Chapter Chapter 3 in Finance Capitalism and Income Inequality in the Contemporary Global Economy, 2023, pp 45-67 from Springer

Abstract: Abstract This chapter offers the investigatory strategy that elaborates the approaches and methods undertaken. A critical realist orientation as a philosophical stance was adopted to capture the complexities of finance capitalism and how it leads to rising economic inequality. A major advantage of this philosophical tradition is its ontological commitment and the perception of reality as an open system, in contrast to a closed system of the positivist school and neoclassical orthodoxy. The second section explains why neoclassical orthodoxy and mainstream economics’ mathematical-deductivist approach should be rejected as irrelevant to the study of social ontology. The chapter also describes analytical tools employed to explain the financialisation-income inequality nexus and its causal relations.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21768-5_3

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DOI: 10.1007/978-3-031-21768-5_3

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