Financial Theory has a Paradigm a la Kuhn? A Preliminary Exploration of Financial Epistemology (Tiene la Teoría Financiera nn Paradigma a la Kuhn? Una Exploración Preliminar de Epistemología Financiera) (Spanish)
Universidad Externado de Colombia - Facultad de Finanzas, Gobierno y Relaciones Internacionales
February 21, 2010
This article aims to discuss two issues relatively linked. The first is an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept. The second objective is to analyze the scope of the Kuhnian concept of models to evaluate financial explanation. Is explored preliminarily proposed fractal models/multifractal (F/M) of Mandelbrot [Mand97, 82, 02, 05]. This second goal just answered the question analyzed in the field of philosophy of science: Financial theory has a paradigm a la Kuhn?
Note: downloadable document is in Spanish
Number of Pages in PDF File: 18
Keywords: Paradigm, Financial, Kuhn, Economics, Mandelbrot, Stegmüller, Epistemology
JEL Classification: A1, B4, B41, D6, D84, G00, G1, N2, Z1, Z10working papers series
Date posted: February 21, 2010 ; Last revised: February 24, 2010
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