Marc Flandreau

Marc Flandreau

Howard Marks Professor of Economic History

Economic history; Financial crises and the information economy; Experts, expertise and policy making


College Hall 215 A

Marc Flandreau, Howard S. Marks Professor of Economic History 

A native of Paris (France), Flandreau is a world-renown historian and specialist of the quantitative history of international money and finance. His areas of expertise encompass international monetary history, international currencies, regulation and financial crises. His recent work on financial experts, Victorian anthropologists and sovereign debt "vultures" investors provide foundations to a new financial history of modern knowledge.

A graduate from Ecole Normale Supérieure and the Sorbonne, he holds a PhD in Economics from the Ecole des Hautes Etudes. He began his career with the CNRS as a research fellow at the OFCE in Paris, before becoming the youngest tenured faculty and Chair of International Finance at Sciences Po in 2001. in 2008, he moved to Geneva where he joined the Graduate Institute of International Studies and Development under joint appointment from the Economics and History Departments and was a member to the Anthropology Department.

In 2017, he was appointed Howard S. Marks Professor of Economic History at the History Department at Penn and since 2021, he has held a secondary appointment at the Wharton School. He is a Research Fellow of CEPR, London.

Flandreau has trained two generations of students who now occupy prominent academic positions in economic history, international organizations and government.

His academic background doubles up with real-world expertise. He has worked with central banks and international organizations and was chief economist with Lehman Brothers France. He is currently member of the Policy Panel of the Bank of International Settlements and chairs the BIS macro-historical data project, Historical Monetary and Financial Statistics.

Flandreau has published many articles in scholarly journals and authored several books. These include The Glitter of Gold: France, Bimetallism and the Emergence of the International Gold StandardMoney Doctors: The Experience of International Financial Advising 1850-2000The Gold Standard in Theory and History (with Barry Eichengreen); The Making of Global Finance 1880-1913 (With Frédéric Zumer); International Financial History in the Twentieth Century: System and Anarchy (with Carl-Ludwig Holtfrerich and Harold James); and Anthropologists in the Stock Exchange. A Financial History of Victorian Science.

In 2019, he launched Capitalism, A Journal of Economics and History, a Penn journal, of which he is now founding editor.

Online Office Hours

Tuesday 11:00AM-12:00PM, by Zoom appointment. Please email for details.


Ph.D. in Economics, Ecole des hautes études en sciences sociales, Paris