The group prioritized dealing with structural inflation over the monetarist approach favored by more conservative policy-makers, such as Economy Minister Álvaro Alsogaray, who was appointed to the post in 1959 without President Arturo Frondizi's support.

Alemann's structuralist approach complemented unofficial Frondizi point man Rogelio Julio Frigerio's policies well, as both focused on correcting the adverse effects of financing increasingly costly machinery imports with raw material exports of declining value (a terms of trade problem common to developing countries), though conservative and military pressure resulted in his removal in January 1962.

[6][7] Following his ousting, Alemann returned to the private sector as a lobbyist for Swiss banking giant UBS, and was also, from 1964 to 1973, Professor of Economic Policy at his alma mater (authoring a textbook in 1970).

[4] The right-wing economist appointed by a National Reorganization Process dictatorship installed in 1976, José Alfredo Martínez de Hoz, implemented a sweeping program of financial deregulation and free trade which by 1981 collapsed under the weight of a US$37 billion foreign debt – most of it the result of a wave of private currency speculation and government military spending.

[9] Named Economy Minister by a new dictator, General Leopoldo Galtieri, in December 1981, Alemann departed from his expansionist policies of twenty years earlier and introduced his own austerity program: cuts in public spending, accelerated devaluation of the peso (which had already lost 75% of its value during 1981), and a mandatory wage freeze (amid 10% monthly inflation).