The journal Moneda y Crédito as a vehicle spreading the social market economy in Spain (1943-1966)

Abstract

In 1930, Keynes highlighted the need to consolidate economic studies in Spain. The creation of specialist journals in economics contributed to this, as one of the first initiatives which facilitated the reception of the currents of economic thought. From its creation in 1942, the journal, Moneda y Crédito, was a pioneer in spreading the ideas of the Social Market Economy in Spain which had originated in the Freiburg School. This paper studies the circumstances that led to the creation and subsequent evolution of that journal and, through the selection and classification by theme of thirteen articles published in Moneda y Crédito, three study topics are specified: the post-World War II economic problems; monetary policy and exchange rates; and, social policy. At the end of the paper the economic policy proposals and recommendations made by the authors of the selected articles, are collected in a table format.