Einaudi, Luigi

Einaudi, Luigi (lwē`jē ānou`dē), 1874–1961, president of Italy (1948–55). A noted economist, a senator for life from 1919, and an opponent of Fascism after 1924, Einaudi taught at the Univ. of Turin until 1943, when he fled to Switzerland. After his return he was governor of the Bank of Italy (1945–48) and vice premier and minister of the budget under Alcide De Gasperi (1947). His drastic measures helped to curb inflation. In 1948 he was elected president under the new constitution. He was succeeded (1955) by Giovanni Gronchi.

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Einaudi, Luigi

(born March 24, 1874, Carrù, Italy—died Oct. 30, 1961, Rome) Italian economist and politician. He taught at the University of Turin (1900–43) and edited the Review of Economic History (1936–43). An opponent of the fascists, he fled to Switzerland in 1943. He returned in 1945 and served as governor of the Bank of Italy (1945–48). As minister of the budget (1947), he successfully curbed inflation and stabilized the currency. He was the first president (1948–55) of the Republic of Italy.