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

Cristina Peicuti

Chapter 6 in A Monetary and Economic History of France since 1944, 2026, pp 83-92 from Springer

Abstract: 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.

Date: 2026
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DOI: 10.1007/978-3-032-17596-0_6

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