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Alberto De Stefani
Alberto De Stefani (1879–1969) was an Italian politician. Coming from a background in liberalism to Benito Mussolini's fascism, De Stefani was in charge of Italian economics from 1922 to 1925. His time in charge was characterized by ''laissez-faire'' ideals.
==Finance Ministry==
De Stefani was appointed by Mussolini in 1922 as the finance minister. He was a liberal economist and so favoured policies such as free-trade, lowering taxes without too much government interference and privatisation of businesses such as the communications industry.〔Nicholas Farrell, ''Mussolini: A New Life'', Phoenix, 2004, p. 185〕 He also undertook a thorough reform of the taxation system in Italy which was adjudged a success at the time, although it has been noted that the reforms he enacted had been laid out by his predecessor Filippo Meda but not enacted.〔Douglas J. Forsyth, ''The Crisis of Liberal Italy'', Cambridge University Press, 2002, p. 75〕 De Stefani took advantage of the dictatorial powers afforded to Mussolini's regime to enact these reforms, which had previously been blocked by parliament.〔Forsyth, ''The Crisis of Liberal Italy'', p. 272〕
The economy prospered under de Stefani's direction, as part of a Europe-wide growth, although wages also fell under his direction.〔 He accomplished his goal of a balanced budget for the financial year 1924-25.〔Vera Zamagni, ''The Economic History of Italy, 1860-1990'', p. 244〕 By mid-1925, however, the economy was heading towards crisis and Mussolini dismissed de Stefani, replacing him with the corporatist Giuseppe Volpi.〔Farrell, ''Mussolini'', p. 186〕
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