Jacques Léon Rueff

Jacques Rueff
7th Minister of State of Monaco
In office 12 July 1949 – 1 August 1950
Monarch	Rainier III
Preceded by	Pierre Blanchy (acting)
Succeeded by	Pierre Voizard
Personal details
Born	23 August 1896 Paris, France
Died	23 April 1978 Paris, France
Political party	Independent

Jacques Léon Rueff (23 August 1896 – 23 April 1978) was a French economist and adviser to the French government.

An influential French conservative and free market thinker, Rueff was born the son of a well known Parisian physician and studied economics and mathematics at the École Polytechnique. An important economic advisor to President Charles de Gaulle, Rueff was also a major figure in the management of the French economy during the Great Depression. In the early 1930s, he was as a financial attache in London, in charge of the Bank of France's sterling reserves. In 1941, Rueff was dismissed from his office as the deputy governor of the Bank of France, as a result of Vichy France's new anti-Semitic laws. Rueff published several works of political economy and philosophy during his lifetime, including L'Ordre Social, which appeared shortly after the Liberation of Paris.

After the war Rueff became one of the leading French members of the classical liberal Mont Pelerin Society, the president of the Inter-Allied Reparations Agency (IARA), and the minister of state of Monaco. He was strongly in favour of European integration and served from 1952 to 1962 as a judge on the European Court of Justice.

He advised President Charles de Gaulle from 1958. That year, the Rueff Plan, also known as the Rueff-Pinay Plan, balanced the budget and secured the convertibility of the franc, which had been endangered by the strains of decolonisation.

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