Office hours: I'm off the lecturing line. So from now on simply drop in (I should be in 601 or 611 Evans), or call 510 643 4027 or email delong@econ.berkeley.edu for an appointment. I should be in the building about a third of the time, attending pointless bureaucratic meetings about a sixth of the time, and buried in the library the rest of the time...
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Martin Wolf says that he doesn't know what will happen. Neither do I. But I do wish somebody who does have an informed view would comment...
Economists' forum (Related) : **Why Sarkozy’s triumph portends strife in Europe:** What does the election of Nicolas Sarkozy mean for France, the European Union and the world? The answer will depend on whether what now emerges is a European France, a French Europe or a France set against Europe. Any of these three outcomes is possible. Only the first would be desirable. Which it will be depends on Mr Sarkozy’s true identity. Will he be an economic liberal or a populist interventionist? It is probable that he will turn out to be a mixture of the two. If so, his arrival is likely to deliver the last of the three alternatives: France against Europe.
The French agree on few things. But on one thing, they have close to a national consensus: free markets and free trade are a diabolical Anglo-Saxon plot. In a thought-provoking book on the challenge for French policymakers, Georges de Ménil, himself an American-trained liberal economist, ascribes this hostility to the legacies of Catholicism, Cartesian rationalism, revolutionary utopianism, nationalism and the dominance of the state.
For a modern politician of the right, such as Mr Sarkozy, it is the last two elements that are most important.
I would guess that a "French Europe" is most likely. I've talked to too many Frenchmen, Germans, and Britons over the past five years who say that George W. Bush has made it very clear that Europe needs, for its own safety, to start acting like a superpower. And I suspect Sarkozy is of that faction. And that would mean a "French Europe."
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His best work extends from business cycle dynamics through economic growth, behavioral finance, political economy, economic history, international finance to the history of economic thought and other topics, including: "Is Increased Price Flexibility Stabilizing?" (Related) "Productivity Growth, Convergence, and Welfare," (Related) "Noise Trader Risk in Financial Markets," (Related) "Equipment Investment and Economic Growth," (Related) "Princes and Merchants: European City Growth Before the Industrial Revolution," (Related) "Why Does the Stock Market Fluctuate?" (Related) "Keynesianism, Pennsylvania-Avenue Style," (Related) "America's Peacetime Inflation: The 1970s," (Related) "American Fiscal Policy in the Shadow of the Great Depression," (Related) "Review of Robert Skidelsky (2000), John Maynard Keynes, volume 3, Fighting for Britain," (Related) John Maynard Keynes, Fighting for Britain"Between Meltdown and Moral Hazard: Clinton Administration International Monetary and Financial Policy," (Related) "Productivity Growth in the 2000s," (Related) "Asset Returns and Economic Growth." (Related)
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