Phoenix Economics: From Crisis to Renascence

Carmelo Ferlito
INTI International College Subang, Subang Jaya, Malaysia, and Institute for Democracy and Economic Affairs (IDEAS), Kuala Lumpur, Malaysia

Series: Global Political Studies, Global Recession – Causes, Impacts and Remedies
BISAC: BUS017000

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Volume 10

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Volume 2

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Special issue: Resilience in breaking the cycle of children’s environmental health disparities
Edited by I Leslie Rubin, Robert J Geller, Abby Mutic, Benjamin A Gitterman, Nathan Mutic, Wayne Garfinkel, Claire D Coles, Kurt Martinuzzi, and Joav Merrick

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This book is an attempt to give a global explanation to the global crisis that the Western world has been experiencing since 2007. The crisis was explained as a financial crisis, a debt crisis, and a currency crisis. However, the author explains how we should look at the crisis as a general economic phenomenon, in which the financial, debt and currency aspects are related to each other, but are not enough to clearly understand the root of the boom and bust economy.

Through a deep methodological analysis, the author clarifies why present economists are not able to understand the real nature of the crisis and limit their look to some aspects of it. Also, referring to great past economists like Schumpeter, Spiethoff, Mises and Hayek, he tries to build a new integrated approach to business cycle theory, able to take into account different contributions. A description is included as to why the free market organization can work in developing an economic system with sustainable growth, while central planning cannot. Finally, there’s an explanation as to why Europe today should not abandon EURO currency, identifying a way out from the present situation, stressing how only a radical change toward a real free market society will allow the system, after a painful readjustment, to walk toward the light. (Imprint: Nova)

Foreword

Preface

About the Author

Chapter 1 – The Method of Economic Science

Chapter 2 – For an Integrated Theory of the Business Cycle

Chapter 3 – Against Fiscal Policy: Practical Non-Sustainability

Chapter 4 – Fiscal Policy: Theoretical Non-Sustainability

Chapter 5 – Currency: Strengths and Weaknesses of the Euro

Chapter 6 – A Way Out of the Recession: Proposals

References

Index

"The author of this recently published book is an Italian academic, who earned his PhD in Economic history. Phoenix Economics, his fourth book, is addressed to academics, researchers and those in need of food for thought to debate on economic current issues such as debt, financial crisis or fiscal and monetary policies." READ MORE... - Marie-Aimée Tourres, Associate Fellow, Foundation for Int’l Development Study and Research (FERDI), France

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