Luigi Einaudi

Luigi Einaudi was born in Carrù, Province of Cuneo, Piedmont on March 24th, 1874.

In 1893 he publishes his first article on the distribution of agricultural real estate in Dogliani, his mother’s hometown he will be deeply attached to for all his life and where his family moved in 1888 after his father’s death.

At the very young age of 21 he graduates in economics from the law university of Turin, with a thesis on the agrarian crisis in England. One year after, in 1896, he starts collaborating with La Stampa.

In 1900 he is an editor for the journal Riforma Sociale, becoming chief editor in 1908 while publishing his first book Un principe mercante. Studi sull’espansione coloniale italiana. Two years later he becomes full professor of financial science at the University of Turin.

In 1903 he marries Ida Pellegrini and has five children (Mario, Roberto and Giulio and another two who die very young). He starts collaborating with the newspaper Corriere della Sera in whose pages he performs a fundamental role in training and orienting public opinion.

In 1908 he becomes a foreign correspondent for Italy for The Economist. In 1919, during the term of Nitti, he is nominated senator of the Kingdom. Although he does not look on fascism negatively at the beginning, after the assassination of Matteotti in 1924, he takes side against the fascist government with the article “Il silenzio degli industriali” in the columns of the Corriere della Sera. One year later he resigns from the newspaper to protest against the dismissal of Luigi Albertini as chief editor imposed by Mussolini. 

In 1935 Riforma Sociale is closed down by the fascist government and the following year Luigi Einaudi founds the journal Rivista di Storia Economica. At the fall of the fascist dictatorship, nominated dean of the University of Turin, he is forced to shelter in Switzerland after 8th September 1943. 

In 1945, during the term of Bonomi, he is appointed governor of the Bank of Italy and, in the same year, he becomes a member of Consulta nazionale (Italy’s temporary National Council). Elected member of the Constituent Assembly, he takes part in the drafting of the Italian Constitution.
In 1947 he becomes vice-president of the Cabinet of Ministers and minister of Finance during the fourth term of De Gasperi.
In 1948 he is elected President of the Italian Republic and later dies in Rome on October 30th, 1961.