Following Patrick Modiano’s win of the 2014 Nobel Prize for Literature, another Frenchman has taken the prize for economics: researcher Jean Tirole, for work that “has clarified how to understand and regulate industries with a few powerful firms”.

For economic daily La Tribune, the two prizes “have sent a timely ‘anti-French Bashing’ message” and mark a “success” that “gives back to France some of the self-esteem that is sorely lacking at present”.