Rueff, Jacques (1896–1978)
Born in Paris, Rueff graduated from Ecole Polytechnique (1921), where he had been a pupil of Clément Colson. He lectured at the Institut de Statistique (1923–31) and held a chair at the Ecole libre des sciences politiques (1930–50). Rueff owes his reputation to his exceptional career in public administration and his persuasive talent. In Poincaré’s monetary reform (1926–8), he was called to determine the new value of the franc. In 1930 he was posted to London, as financial attaché at the French Embassy. In 1934 he entered the Ministry of Finance, where as Director of Treasury (1936–9) he had to cope with the acute financial difficulties of the governments of the time. As Vice-Governor of the Bank of France (1939–40), he was in charge of exchange controls. He headed the Inter-Allied Agency for Reparations (1946–52). From 1952 to 1962 he was a Magistrate first at the Court of Justice of the ECSC and from 1958 on, at the Court of Justice of the European Communities. In 1958 Rueff played a leading role in the monetary reform that led to the convertibility and the stabilization of the franc. This was followed by his masterly contribution to the Armand–Rueff report on The Obstacles to Economic Expansion (1960).