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Zeitschrift für Wirtschaftsgeographie

The German Journal of Economic Geography

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

4 Issues per year

IMPACT FACTOR 2016: 0.516

CiteScore 2016: 0.74

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

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Volume 59, Issue 4 (Dec 2015)


The new realist ontology

Metatheoretical foundation for research of modern finance?

Franz Flögel
  • Gelsenkirchen
Published Online: 2016-01-16 | DOI: https://doi.org/10.1515/zfw-2015-0403


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

About the article

Published Online: 2016-01-16

Published in Print: 2015-12-01

Citation Information: Zeitschrift für Wirtschaftsgeographie, ISSN (Online) 2365-7693, DOI: https://doi.org/10.1515/zfw-2015-0403. Export Citation

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