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Ruling IdeasHow Global Neoliberalism Goes Local$
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Cornel Ban

Print publication date: 2016

Print ISBN-13: 9780190600389

Published to Oxford Scholarship Online: August 2016

DOI: 10.1093/acprof:oso/9780190600389.001.0001

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The Deep Roots of Spanish Neoliberalism

The Deep Roots of Spanish Neoliberalism

(p.101) 4 The Deep Roots of Spanish Neoliberalism
Ruling Ideas

Cornel Ban

Oxford University Press

The fact that the global dissemination of neoliberalism during the 1970s found postauthoritarian Spain with a critical mass of internationalized policy economists exposed to competing Keynesian and ordoliberal influences gave Spanish neoliberalism its moderate flavor. In postwar Spain, the relatively liberal regulation of the economics profession, the Western training of many key economists and the exposure to neoclassical economics of many academics during the interwar years facilitated the gradual spread of neoclassical economic ideas in both the central bank and academia. However, Anglo-American neoclassical economics had a major competitor in the local translation of Germany’s ordoliberalism, which contributed to the moderation of both Keynesian and neoliberal ideas in Spain throughout this country’s authoritarian and postauthoritarian history.

Keywords:   Keynesianism, ordoliberalism, neoclassical, autarchy, Franco, developmentalism, Spain

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