Eisenhower and the Management of Prosperity
John W. Sloan
viii, 192 pages
Studies in Government and Public Policy
Cloth ISBN 978-0-7006-0489-0, $25.00
Paper ISBN 978-0-7006-0587-3, $14.95
Three Years out of eight, President
Eisenhower achieved a balanced budget. Only LBJ has balanced
the budget since--and only once.
In Eisenhower and the Management of Prosperity political
scientist John Sloan argues that Ike's performance as chief economic
policymaker merits far higher marks than it has received. Along
with the revisionists, Sloan underscores Eisenhower's commitment
to fiscal responsibility and his impressive skills as leader
and politician. But Sloan contends that even the revisionists
have underestimated the full range of his accomplishments in
shaping America's postwar economy.
"In these pages," Sloan writes, "Eisenhower
appears as a conservative activist, more involved in domestic
economic policy than was perceived by his contemporaries."
Sloan depicts a president haunted by a prophetic fear--the fear
that the nation would collapse unless politicians and their constituents
practiced self-discipline, especially in balancing the federal
budget.
In contrast to the arguments of the revisionists, Sloan contends
that Eisenhower's style of political leadership was more effective
in his first term than in his second. Ike was in harmony with
the mood of the population during his first term. But during
his second term, embittered by the fight for the 1958 budget,
the new, more conservative Eisenhower failed to adapt to the
rising level of public expectations. He became "less Machiavellian,
more moral, and less effective," Sloan writes.
Drawing upon the extensive holdings of the Eisenhower Library
in Abilene, Kansas, Sloan delineates the process by which Eisenhower
and his advisors created and implemented economic policy. then
he traces the intense interplay of competing agendas, theories,
solutions, personalities, and politics among Eisenhower and his
key consultants. finally he demonstrates that Ike was an active
"player" in the formulation of economic policy--a president
who held and acted upon strong convictions.
"This masterly treatment of Eisenhower as economic manager
will be warmly received by both political scientists and historians.
It is a major addition to the literature on presidential policy-making,
economic and otherwise."--James E. Anderson, coauthor
of Managing Macroeconomic Policy: The Johnson Presidency
and author of Economic Regulatory Policies and Public Policy
Making
"Adds an important piece to the revisionist mosaic of
the Eisenhower presidency."--R. H. Immerman, Choice
"A readable and masterfully concise sketch of Eisenhower's
eight years as 'manager of prosperity.' This book deserves wide
scholarly attention for the questions it raises about presidential
leadership, the economic policy process, and the balance of personal
agency and institutional structure in explaining significant
policy changes. It will be a valuable historical supplement to
classes on policymaking and on the presidency, and, by clearly
joining the debate over how we might best understand the way
policy in the 1950s set a foundation for the economic growth
of the 1960s, it should also serve to focus attention on persistent
theoretical questions such as the role of ideology and the importance
of strategy in policy leadership. Lively and stimulating reading."--Policy
Currents
JOHN W. SLOAN is professor of political science at
the University of Houston and author of The
Reagan Effect: Economics and Presidential Leadership.
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