Why Finance Needs Philosophy (and Vice Versa): Some Epistemic and Methodological Issues

Abstract As the world economy has for better or worse become more and dependent on financial markets, a rethinking of role finance in both theory practice is necessary. I argue that such requires new look at theories philosophical kind. In effect, as Martha Nussbaum claims, if absence philosophy economics arguably one main reasons flaws certain economic theories, our systems. this paper discuss mutual relations benefits between philosophy. First, examine contribution can offer to by analyzing few critical issues ontology (Section 2.1), methodology 2.2) mathematics 2.3). essential enabling achieve goals which it was designed, not only because valuable external addition, but also internally, since proper tool bringing about approaches. Then, relationship 3.1), data hypothesis 3.2), prediction, description control 3.3) context help us rethink some tenets these issues.