Problems of periodization formation and development financial science

Abstract

An attempt is made to reconstruct a single, integrated picture of financial science from its inception to the present. Outlined methodological issues and periodization of the science. Identified classification and scientific limitation of division of development into two phases (classical and neoclassical theories), it is proved that this approach opens the possibility of a unilateral focus of scientists on the development of financial concepts of the neoclassical mainstream, and their use as the theoretical foundations of financial policy. Identified and justified criteria a new periodization, which are characterized by a certain ratio of the areas of economic and financial sciences, the formation of the paradigmatic basis for research and development of practical recommendations consistent with changes in scientific paradigms, competition and «centessimi» trends. The proposed periodization is based on specific criteria (degree of development of the state, commodity-money and financial relations and the like; the distinction between the concepts of «financial idea», «financial concept» and «financial analysis»; the theoretical concept of the classical periods and situations J. Schumpeter, scientific revolutions and paradigms T. Kuhn, competing scientific research programmes I. Lakatosh, changes in the understanding of key categories). Investigated key criteria and features concepts in the field of finance leading representatives of economic and financial thought in each stage of scientific development. The proposed periodisation of formation and development of financial thought, not only avoids the drawbacks of the several previous periodisations, but also enriched by new elements.