Abstract

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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)


Fernando Estrada


Colciencias

February 21, 2010


Abstract:     
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, Z10

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Date posted: February 21, 2010 ; Last revised: February 24, 2010

Suggested Citation

Estrada, Fernando, 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) (February 21, 2010). Available at SSRN: http://ssrn.com/abstract=1556530 or http://dx.doi.org/10.2139/ssrn.1556530

Contact Information

Fernando Estrada (Contact Author)
Colciencias ( email )
Calle 12 # 0 - 85 Este
Bogota, 1247
Colombia
HOME PAGE: http://www.colciencias.gov.co
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