Albert, Edouard Janssen; Belgian economist

Born April 1, 1883 in Antwerp. Law/Political degree, PhD. economics by 1907. Married to Dame Marie Henriette Scheyven.
Rapid expansion in machinery and steel production combined with foreign investment in railways and coal production caused massive deficits.

In 1908 The National Bank created an economics department headed by Albert, Edouard Janssen. WWI caused all production to stop, Germany dismantled factories, and levied taxes to pay for the war. Janssen warned of the effect inflation has on the economy.
Political unification is required before monetary union. The League of Nations financial committee was chaired by Albert to stabilize currencies. In 1925 the Belgian government created a Minister of Finance (AE Janssen). This appointment amalgamated the National Bank, Louvain University's economic department and Belgian government.
In 1949 he is Minister of State, international financial expert, and mediator. His noble actions promoted the general well being of nations, corporations, and individuals. He passed away March 29, 1966 in Hamme - Mille.