» » Nixon's Economy : Booms, Busts, Dollars, and Votes

Nixon's Economy : Booms, Busts, Dollars, and Votes download epub

by Allen J. Matusow


Epub Book: 1207 kb. | Fb2 Book: 1369 kb.

Matusow's important study of Richard M. Nixon's economy fills a gap in the historical literature. Matusow writes very well and manages to make complicated economic ideas very clear.

Matusow's important study of Richard M. His portraits of major players such as Herbert Stein, John Connally, and George Shultz are extraordinarily shrewd.

Allen Matusow’s book is a play-by-play description of Nixon’s overwhelming priority-get elected! Not that Nixon was uninterested in the economy. He fully understood the political punishments and rewards that are meted out by rising or falling unemployment and interest rates

Allen Matusow’s book is a play-by-play description of Nixon’s overwhelming priority-get elected! Not that Nixon was uninterested in the economy. He fully understood the political punishments and rewards that are meted out by rising or falling unemployment and interest rates. Nixon’s feel for fiscal and monetary policies probably exceeded that of most, if not all, of his economic advisers, from whom he received a lot of dreadful advice. But Nixon, the author observes, made economics subservient to politics. Economic policies were simply tools of political expedience.

Nixon's Economy book. Goodreads helps you keep track of books you want to read.

Presidential Studies Quarterly, September 1999, pp. 739-740. Further reproduction prohibited without permission.

Schell, Jonathan "The Time of Illusion" Vintage (1976). Sussman, Glen and Daynes, Byron W. "Spanning the Century: Theodore Roosevelt, Franklin Roosevelt, Richard Nixon, Bill Clinton, and the Environment. White House Studies 2004 4(3): 337–354. Nixon at the Movies: A Book About Belief. Chicago: University of Chicago, 2004.

Matusow, Allen J. Date. Your reading intentions are private to you and will not be shown to other users. What are reading intentions? Setting up reading intentions help you organise your course reading. It makes it easy to scan through your lists and keep track of progress. Here's an example of what they look like: Your reading intentions are also stored in your profile for future reference.

Matusow’s important study of Richard M. Nixon’s economy fills a gap in the historical literature.

Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Matusow’s important study of Richard M.

Published: Lawrence: University Press of Kansas, 1998. In some cases where events warranted separate treatment, he has split years into different subject matter (for example, treating the oil shock in a distinct chapter). The more or less linear structure of the book allows the reader to gain a good sense of how Nixon’s policies developed and changed over time as his political interests and changing circumstances dictated.

Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat

Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Following the advice of Milton Friedman, the president placed his initial hopes for good times in the economics of caution.

Lawrence: University of Kansas Press, 1998. Lawrence: University of Kansas Press, 1998.

Though Richard Nixon came to office preoccupied with foreign policy, he soon had to grapple with an economy that threatened him with political defeat. Following the advice of Milton Friedman, the president placed his initial hopes for good times in the economics of caution. But when the economy dipped into recession and cost the Republicans victory in the Congressional election of 1970, Nixon turned for rescue not to his economists, but to a politician, the former Democratic governor of Texas, John Connally, who became Secretary of the Treasury midway through the first term. "I can play it round, I can play it flat, just tell me how to play it," Connally liked to say. Together, Connally and Nixon set out to save Nixon's presidency by any means necessary. In a televised speech on August 15, 1971, Nixon stunned the world and reversed his political fortunes by announcing a series of measures that contradicted everything he was supposed to believe in-wage and price controls, abandonment of the international gold standard, depreciation of the dollar, and deficit spending. "This will put the Democrats in a hell of a spot, this whole speech," the president exulted. He was right. The economy took off in 1972. Nixon took the credit. And his reelection by a landslide was assured.Historian Allen J. Matusow now presents the first comprehensive history of Nixon's political economy. He depicts a president who disliked the subject but was forced to pay attention or lose his dream of effecting a historic realignment of the political parties in America. The study derives its authority from extensive archival research in Nixon's presidential papers, including notes by Haldeman and Ehrlichman of crucial conversations in the Oval Office. Matusow shows the poverty of contemporary economic theory, Nixon's willingness to sacrifice the world economy for his domestic political purposes, and his desperate attempts to find something, anything, that might work. Lurching from one set of policies to another, Matusow argues, Nixon achieved only illusory successes that ultimately brought on a decade of economic disaster.Nixon's Economy will contribute significantly to the emerging reinterpretation of a pivotal presidency. For scholars of the era the book will be required reading. For students and general readers, it will help explain in lucid prose the politics and economics of our own time. Narrative history that tells a good story, this book will reveal yet another Nixon, while offering a compelling case history of how politicians shape and sometimes mis-shape the performance of the American economy.

Comments: (3)

Arar
This book fills a vital space in my understanding -- between the 30,000 foot broad overview typical in popular works, and the ultra-tedious analyses of dry, pure, technical economists. The portrayals of all the actors are fleshed out nicely, as they elbow into and out of the oval office and the public eye, even as economic goals overshoot and undershoot.
Rather stunning to me was the intensity of this Republican administration putting its thumb heavily on the scales, manipulating wages and prices. This was part of a full-press effort to manipulate the economy going into Nixon's reelection, and thereafter (the "before" phase working seemingly well, until the wheels came off in the "after" phase, and quickly). All this helped to steer us into an era of ruinous inflation. confounding politicians and the public for years. This is a good illustration of the unintended consequences and frustrated (questionably) good intentions of legions of economists and other swell heads, nudging things around. As this book shows, there is plenty of federal manipulation of markets such as commodity markets (farm price supports and so on) to this day, but an administration (even a Democrat one) trying to manipulate basic wages and prices at this (very public) level would seem unthinkable today, widely decried as the worst sort of socialism. Nixon was, in some ways, as I've heard it said somewhere, the last New Deal president. After LBJ's debacles, these runaway economics really sealed the fate of the old order, pre-Reagan. Ford and Carter, I think, just wallowed in the wake of this.
you secret
This book fills a big gaping hole in economic history. There are probably hundreds of books on Nixon and Vietnam, China, and Watergate. But very few exist on his other policies, including his economic policies. This is especially strange considering that his Administration presided over the final destruction of the gold standard, first sustained budget deficits, and the beginning of the Great Recession of 1970s.

Thus, this book is extremely useful. Almost month-by-month it describes the swinging pendulum of booms and busts that resulted from Nixon's economic mismanagement and the world economy's response to it. This is a very thorough work, meticulously documented. The author carefully documents endless cases of sacrifice of economic policies to blatantly short-term political goals.

It's also a good narrative, it weaves all the facts and explanation together, and it's organized very well. I found it very easy to read and understand it. It sheds much light on the economic causes of all those strange events of the 1970s. It's also a great companion to a more general history of USA during those years.
Trash Obsession
Nixon's Economy is a fast paced, action packed account of Nixon's economic policy decisions and the politics that drove them. The author does a fine job of explaining the competing economic options, the politics that eventually determined how those choices were implemented and the resulting consequences on the domestic economy and foreign relations. It's a lot of material to fit into such a thin book making it a quick and exciting read.
Nixon's Economy : Booms, Busts, Dollars, and Votes download epub
Politics & Government
Author: Allen J. Matusow
ISBN: 0700608885
Category: Politics & Social Sciences
Subcategory: Politics & Government
Language: English
Publisher: University Press of Kansas; 1st edition (April 24, 1998)
Pages: 323 pages