Mainstream Methodology, Financial Markets and Global Political Economy

Posted: 30 Jun 2008

See all articles by Sheila C. Dow

Sheila C. Dow

University of Stirling - Department of Economics; University of Victoria - Faculty of Business

Date Written: 2008

Abstract

The experience of financial markets in the global economy is open to a variety of interpretations, based on different framings, with important consequences for economic policy. Knowledge about financial markets, and the methodology employed to build it, can be understood in terms of framing. The underlying argument of the paper is in favour of considering the framing of financial markets within an open-system approach, allowing input from other disciplines, as well as taking account of the real, often performative, implications of (closed-system) mainstream framing by policy-makers. The methodological underpinnings of, and interdependencies between, different framings among theorists, policy-makers, market players and users is explored.

Suggested Citation

Dow, Sheila C., Mainstream Methodology, Financial Markets and Global Political Economy (2008). Contributions to Political Economy, Vol. 27, Issue 1, pp. 13-29, 2008. Available at SSRN: https://ssrn.com/abstract=1153218 or http://dx.doi.org/bzn002

Sheila C. Dow (Contact Author)

University of Stirling - Department of Economics ( email )

Stirling, Scotland FK9 4LA
United Kingdom

University of Victoria - Faculty of Business ( email )

Victoria, British Columbia
Canada

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