Intro -- Analytical Political Economy -- Contents -- 1 ANALYTICAL POLITICAL ECONOMY -- References -- 2 TAKING STOCK: A RIGOROUS MODELLING OF ANIMAL SPIRITS IN MACROECONOMICS -- 1. Introduction -- 2. The General Framework -- 2.1 The Discrete Choice Approach -- 2.2 The Transition Probability...

"Widely recognized as one of the greatest economists in history, there has been a surge of interest in the work of John Maynard Keynes since the financial crisis of 2008 with people looking for solutions to rebalance the economy. Presciently, Keynes argued that free markets are unable to fully...

"The recent financial crisis has demonstrated the dangers of ignoring the factors that led to previous crises, and the effectiveness of the policies designed to deal with them. Over time, these macroeconomic policies have evolved, oscillating between state intervention and a free-market...

Macroeconomic analysis of the 1990s. High growth in the past -- The 1990s -- Demand or supply? -- What type of demand? -- The "abnormality" of demand fluctuations -- Investment -- Investment to increase production capacity, and stock adjustment -- The recovery of 1995-1996 -- The fiscal policy...