Focused especially on the causes, Woods elegantly discovers in the tradition of the Austrian School of economics that the main culprit for the creation of crises is the monetary system’s nature. As he goes, this is a system that allows a process of artificially expanded money supply which...

In this study, we show that the main problem facing the Eurozone economy is the relatively low competitiveness of the PIIGS economies. Findings show that the defining trait of PIIGS countries is neither budget deficits, nor public debt, but rather the current account deficits. We argue that,...

While we are assisting to the breach of the traditional scientific taboos and economic development seem beyond rational logic, the whole scientific community is guided, as never before, towards the rethinking the very foundations of the dominant logic and the rhetoric approach both at the...