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The 1981 Election of François Mitterrand and the Radical Reversal of Economic Policy

In: A Monetary and Economic History of France since 1944

Author

Listed:
  • Cristina Peicuti

    (ESCP Business School)

Abstract

President François Mitterrand was elected on May 10, 1981. The recovery envisaged by François Mitterrand is Keynesian with Soviet structural overtones: “Social growth will be based on the dynamism of the public sector.” For energy, what is proposed is a break with France's nuclear tradition in favor of coal. His Prime Minister Pierre Mauroy pursued a three-pronged economic policy aimed at: stimulating the economy to improve income redistribution; combating unemployment through a reduction in legal working hours and an increase in public sector employment; and expanding State control through nationalizations.

Suggested Citation

  • Cristina Peicuti, 2026. "The 1981 Election of François Mitterrand and the Radical Reversal of Economic Policy," Contributions to Economics, in: A Monetary and Economic History of France since 1944, chapter 6, pages 83-92, Springer.
    • Handle: RePEc:spr:conchp:978-3-032-17596-0_6
    DOI: 10.1007/978-3-032-17596-0_6
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