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Nixon's Economy : Booms, Busts, Dollars, and Votes Hardcover – April 24, 1998

5.0 out of 5 stars 2 customer reviews

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Editorial Reviews

From Library Journal

Matusow (history, Rice Univ.; The Unraveling of America: A History of Liberalism in the 1960's, 1984) offers the first complete history of Nixonomics. Nixon generally ignored fiscal and monetary matters, preferring to devote himself to foreign policy. George Shultz, Treasury secretary, is lauded as Nixon's finest political appointment; but John Connally, the former Texas governor and a "shameless opportunist," became economic czar by subordinating his responsibilities to Nixon's political agenda. The president's attempt to create a new political majority was dashed almost as much by his failed policies and ineffective responses to the great recession and inflation of 1973-75 as by Watergate. Matusow provides lucid accounts of such complicated issues as wage-and-price controls, dollar devaluation, demise of the gold standard, and the emergence of the global economy. Highly recommended for academic and large public libraries.?Karl Helicher, Upper Merion Twp. Lib., King of Prussia, PA
Copyright 1998 Reed Business Information, Inc.


The most interesting thing about Nixon's Economy is the insight it offers into what people were thinking at the time.... Mr. Matusow tells a great story, of hubris and ignorance, of fecklessness and lost opportunities. It might have been enriched had he consulted some of the many living participants in these events rather than relying solely on published and documentary sources. Nevertheless, it is a very readable and insightful study of a critical period in American economic history. --The Wall Street Journal, Bruce Bartlett

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Product Details

  • Hardcover: 323 pages
  • Publisher: Univ Pr of Kansas; 1st edition (April 24, 1998)
  • Language: English
  • ISBN-10: 0700608885
  • ISBN-13: 978-0700608881
  • Product Dimensions: 6.3 x 1.1 x 9.3 inches
  • Shipping Weight: 1.4 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (2 customer reviews)
  • Amazon Best Sellers Rank: #1,747,466 in Books (See Top 100 in Books)

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By M. Livshutz on February 7, 2000
Format: Hardcover
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.
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Format: Hardcover
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.
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