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Phoenix Economics: From Crisis to Renascence UK ed. Edition
Author(s): Ph.D. Ferlito, Carmelo
- Publisher: Nova Science Pub Inc
- Publication Date: October 8, 2013
- Edition: UK ed.
- Language: English
- Print length: 188 pages
- ISBN-10: 1628087269
- ISBN-13: 9781628087260
Book Description
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 organisation can work in developing an economic system with sustainable growth, while central planning cannot.Finally, theres 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.
Editorial Reviews
Review
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.Review provided by Marie-Aimée Tourres, Associate Fellow, Foundation for Int'l Development Study and Research (FERDI), France.
About the Author
Carmelo Ferlito (Verona, Italy, 1978) is an Italian scholar now working as Sales Director Asia for Jansen Poultry Equipment. The company is based in Barneveld, Netherlands.
He lives with his wife, Meilina, in Subang Jaya, Malaysia.
His research activity is devoted to develop Austrian Economics. He is particularly interested in the business cycle theory developed by the Austrian School, in particular by Friedrich A. von Hayek and, more recently, by Ludwig Lachmann and Roger Garrison. However, his theory is strongly influenced by Schumpeter and Spiethoff. He is interested also in monetary theories and in the socialist economic calculation debate; his view on this points is influenced in particular by Jesus Huerta de Soto.
Carmelo Ferlito is Senior Fellow at the Institute for Democracy and Economic Affairs (IDEAS) in Kuala Lumpur.
Carmelo Ferlito is Visiting Professor (History of Economic Thought) at the Malaysia Campus of University of Wollongong, hosted at INTI University & Colleges, Subang Jaya, Malaysia.
He is a member of the Ludwig von Mises Institute (Auburn, Alabama, U.S.A.).
He lives with his wife, Meilina, in Subang Jaya, Malaysia.
His research activity is devoted to develop Austrian Economics. He is particularly interested in the business cycle theory developed by the Austrian School, in particular by Friedrich A. von Hayek and, more recently, by Ludwig Lachmann and Roger Garrison. However, his theory is strongly influenced by Schumpeter and Spiethoff. He is interested also in monetary theories and in the socialist economic calculation debate; his view on this points is influenced in particular by Jesus Huerta de Soto.
Carmelo Ferlito is Senior Fellow at the Institute for Democracy and Economic Affairs (IDEAS) in Kuala Lumpur.
Carmelo Ferlito is Visiting Professor (History of Economic Thought) at the Malaysia Campus of University of Wollongong, hosted at INTI University & Colleges, Subang Jaya, Malaysia.
He is a member of the Ludwig von Mises Institute (Auburn, Alabama, U.S.A.).
