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Ezra Solomon Papers, White House Central Files, 1971-1973
6171467  
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Collection Details
 
Table of contents What's This?
  • Descriptive Summary
  • Access
  • Publication Rights
  • Preferred Citation
  • Acquisition Information
  • Biography/Administrative History
  • Scope and Content of Collection
  • Indexing Terms

  • Descriptive Summary

    Title: Ezra Solomon Papers, White House Central Files, 1971-1973
    Dates: 1971-1973
    Collection Number: 6171467
    Creator/Collector: Solomon, Ezra, 1920-2002. Council of Economic Advisers
    Extent: 11 linear feet, 10 linear inches; 27 boxes
    Online items available
    Repository: Richard Nixon Presidential Library and Museum
    Abstract: Ezra Solomon succeeded Hendrick Houthakker as a member of the Council of Economic Advisers or CEA. Solomon’s areas of responsibility included: domestic economic and financial conditions and outlook; fiscal policy and monetary policy; manpower programs; taxation and social security; as well as energy, defense, housing and national growth policy. He was also chairman of the Technical Research and Development Incentives and Resources Task Force
    Language of Material: English

    Access

    Collection is open for research. Some materials may be unavailable based upon categories of materials exempt from public release established in the Presidential Recordings and Materials Preservation Act of 1974.

    Publication Rights

    Most government records are in the public domain; however, this series includes commercial materials, such as newspaper clippings, that may be subject to copyright restrictions. Researchers should contact the copyright holder for information.

    Preferred Citation

    Ezra Solomon Papers, White House Central Files, 1971-1973. Richard Nixon Presidential Library and Museum

    Acquisition Information

    These materials are in the custody of the National Archives and Records Administration under the provisions of Title I of the Presidential Recordings and Materials Preservation Act of 1974 (P.L. 93-526, 88 Stat. 1695) and implementing regulations.

    Biography/Administrative History

    Ezra Solomon succeeded Hendrik Houthakker as a member of the Council of Economic Advisers on September 9, 1971. He held this position for eighteen months, resigning at the end of March 1973 in order to return to his teaching position as Professor of Finance at Stanford. As second in command at the CEA, Solomon served under Paul W. McCracken, chairman, until the close of 1971, and then under Herbert Stein. Solomon's colleagues on the CEA during this period were Sidney L. Jones, Marina von Neumann Whitman, and Gary L. Seevers. Dr. Solomon's areas of responsibility included: domestic economic and financial conditions and outlook; fiscal policy and monetary policy; manpower programs; taxation and social security; energy, defense, housing, and national growth policy. He was also chairman of the Technical Research and Development Incentives and Resources Task Force. At his farewell party in 1973, Herbert Stein, in a jocular mood, spoke of Phase Solomon, a reference to Solomon's battle to keep food prices down.

    Scope and Content of Collection

    The files are arranged in three series: Chronological Files, Administrative Files, and Subject Files. The Administrative Files are divided into two subseries: Memoranda for the President Files, arranged chronologically; and White House Staff Files, arranged alphabetically by folder title. The Subject Files, which comprise approximately 94 percent of Solomon's materials, are arranged alphabetically by folder title. Nine folders entitled "Miscellaneous Correspondence" contain some duplication of materials found in the Chronological Files. The Chronological Files subseries contains correspondence and drafts related to the securities industry; the President's new economic policy; trade policy; the Hunt Commission Report; research and development incentives; and youth unemployment. The Administrative Files subseries is divided into two segments. The first segment, Memoranda for the President, includes memoranda signed by Paul McCracken, Herbert Stein, and Solomon, as Acting Chairman of the Council of Economic Advisors. Topics represented include exchange rates; stock and bond markets; economic indicators; industrial protection; and retail sales. The second segment, White House Staff Files, includes correspondence, reports, notes, and press releases related to administrative matters such as schedules and use of the White House Mess, as well as the preparation of reports and speeches. The Subject Files subseries contains correspondence, memoranda, draft minutes, reports, press releases, and printed material related to various meetings and conferences; the Council on International Economic Policy (CIEP); staff recruitment; and the Organization for Economic Cooperation and Development (OECD).

    Indexing Terms

    gold standard
    monetary policy