The applied economic thought of A. Ullastres, Spanish Minister of Commerce (1957-65)

Abstract

Ullastres, a recognised technician but relatively inexperienced in the rough-and-tumble of Spanish politics, maintained that Spain’s grave current problems were merely healthy signs of overdue adjustment that in time develop into a new prosperity. Ullastres put aside the nationalist ideology, paving the way for the liberalisation of Spanish economy through the Stabilisation Plan: lowering of tariffs, fight against inflation, unification of the different currency exchanges, balance in public accounts