In recent weeks the headlines in France have been dominated by the news of the rich and famous fleeing the country to avoid the new government’s high rates of tax. In this letter published in the RES Newsletter, Professor Alan Kirman of the Institute of New Economic Thinking (INET) looks at the difficulties faced by Francois Hollande and his colleagues in pursuing their own version of ‘austérité’. Alan Kirman is professor emeritus of Economics at the University of Aix-Marseille III and at the Ecole des Hautes Etudes en Sciences Sociales and is a member of the Institut Universitaire de France. Read the Letter from France
Source: Amanda Wilman, RES Office