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Zeitschrift für Wirtschaftsgeographie

The German Journal of Economic Geography

Editor-in-Chief: Henn, Sebastian / Thomi, Walter

Managing Editor: Schäfer, Susann

IMPACT FACTOR increased in 2015: 0.607

SCImago Journal Rank (SJR) 2015: 0.315
Source Normalized Impact per Paper (SNIP) 2015: 0.380
Impact per Publication (IPP) 2015: 0.439

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The new realist ontology

Metatheoretical foundation for research of modern finance?

Franz Flögel1


Citation Information: Zeitschrift für Wirtschaftsgeographie. Volume 59, Issue 4, Pages 230–242, ISSN (Online) 2365-7693, DOI: https://doi.org/10.1515/zfw-2015-0403, January 2016

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Financial geographers utilise realist economic and rather anti-realist sociologic theories. Yet, theories from both traditions seem to contradict each other metatheoretically. The new realist ontology promises to settle this metatheoretical contradiction by preserving the realist claim on trueness with the concept of fields of sense without rejecting the plurality of human perspectives. This paper exemplarily demonstrates that realist and rather anti-realist theories accord with the new realist ontology. Further, using an empirical example of bank-based small-firm lending it illustrates that the combined use of theories from both traditions advances our understanding of modern finance.

Keywords: new realist ontology; financial geography; banking and small-firm finance; performativity of economics

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