This paper examines the underlying assumptions about socioeconomic transformation within the dominant approaches to the political economy of African countries. We argue that the dominant frameworks within African Studies miss important aspects of contemporary processes of socioeconomic change....

This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...