Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist and radical structuralist. Relating finance to these four paradigms, this book provides an understanding of the multifaceted nature of finance.

Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist and radical structuralist. Finance theory is based on the functionalist paradigm and for the most part finance theorists are unaware of the philosophical tradition to which they belong. By offering an overview of the four paradigms, Ardalan's work offers a concise understanding of the multifaceted nature of finance.

'On the Role of Paradigms in Finance advances a new and comprehensive view of the research process in finance. This effort is essential reading for all students of financial economics.' Bob G. Wood, Tennessee Technological University, USA 'In general, I believe that this is a useful book for graduate students in finance and in economics. I also think that this is particularly useful for those finance specialists who are convinced that philosophy of science and methodology have nothing to do with their subject.' South Eastern Europe Journal of Economics