"All economic progress is essentially an incessant struggle between the call of the future and the defense of the past." So said French Economist Jacques Rueff last week as he presented the report of a 16-man government committee appointed last year to find out what is hampering France's efforts to expand. The committee, guided by Rueff, architect of the successful franc devaluation in 1958 and a fervent apostle of free enterprise, and Louis Armand, postwar boss of the French nationalized railroads and later first president of Euratom, found that plenty ails French businessmuch of it a legacy of protectionism...
To continue reading:
or
Log-In
