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Contributions to Political Economy Advance Access published online on March 27, 2008
Contributions to Political Economy, doi:10.1093/cpe/bzn002
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© The Author 2008. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved

MAINSTREAM METHODOLOGY, FINANCIAL MARKETS AND GLOBAL POLITICAL ECONOMY1

Sheila Dow

University of Stirling

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.

1 This paper has grown out of ‘Framing Financial Markets: A Methodological Account’, forthcoming in W Dolfsma and P Keizer (eds), The Political Economy of Financial Markets, Cheltenham: Edward Elgar.


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