This paper presents a broad, quantitatively documented, overview of the French economy during World War One, trying to answer the question of whether the war was a turning point in French economic history. It first describes the various shocks the war imposed to the economy, from invasion to...

A simple model with asymmetric information, in which inventory holders or traders submit demand curves to an auctioneer, has a unique partially revealing equilibrium. We wonder whether the agents can plausibly coordinate on this equilibrium through "eductive" reasoning relying on Common...

The diversity of the labor factor in France evolves with some clear trends. This paper studies the implication for growth theory of the dynamics of the division of labor. Two causalities are introduced into a growth model with an endogenous evolution of the diversity of both factor, capital and...