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George Schultz recounts his years working for the Reagan administration, including foreign policy and the power struggle between the State Department and the National Security Council, in this candid reflection on his years as Secretary of State. Turmoil and Triumph isn’t just a memoir—though it is that, too—it’s a thrilling retrospective on the eight tumultuous years that Schultz worked as secretary of state under President Ronald Reagan. Under Schultz’s strong leadership, America braved a nuclear arms race with the Soviet Union, increasingly damaging waves of terrorism abroad, scandals such as the Iran-Contra crisis, and eventually the end of the decades-long Cold War. With the strong convictions and startling candor for which Schultz is known, this personal account takes readers into the heart of the Reagan administration, revealing the behind-the-scenes talks and churning tensions that informed a transitional decade that many Americans now look back on as one of the country’s most exalted.
This book challenges the static, ahistorical models on which Economics continues to rely. These models presume that markets operate on a "frictionless" plane where abstract forces play out independent of their institutional and spatial contexts, and of the influences of the past. In reality, at any point in time exogenous factors are themselves outcomes of complex historical processes. They are shaped by institutional and spatial contexts, which are "carriers of history," including past economic dynamics and market outcomes. To examine the connections between gradual, evolutionary change and more dramatic, revolutionary shifts the text takes on a wide array of historically salient economic questions—ranging from how formative, European encounters reconfigured the political economies of indigenous populations in Africa, the Americas, and Australia to how the rise and fall of the New Deal order reconfigured labor market institutions and outcomes in the twentieth century United States. These explorations are joined by a common focus on formative institutions, spatial structures, and market processes. Through historically informed economic analyses, contributors recognize the myriad interdependencies among these three frames, as well as their distinct logics and temporal rhythms.
In a rich and varied career, George P. Shultz has aided presidents, confronted national and international crises, and argued passionately that the United States has a vital stake in promoting democratic values and institutions. In speeches, articles, congressional testimony, and conversations with world leaders, he has helped shape policy and public opinion on topics ranging from technology and terrorism to drugs and climate change. The result is a body of work that has influenced the decisions of nations and leaders, as well as the lives of ordinary people. In Thinking About the Future, Shultz has collected and revisited key writings, applying his past thinking to America's most pressing contemporary problems. Each chapter includes new commentary from the author, providing context, color, and behind-the-scenes glimpses of how decisions are made in the halls of power. In the more than half a century since Shultz entered public life, the world has changed dramatically. But he remains guided by the belief that "you can learn about the future—or at least relate to it—by studying the past and identifying principles that have continuing application to our lives and our world."
Former Nixon and Reagan cabinet member George Shultz offers his views on how to govern more effectively, get our economy back on track, take advantage of new opportunities in the energy field, combat the use of addictive drugs, apply a strategic overview to diplomacy, and identify necessary steps to achieve a world without nuclear weapons. If we can successfully handle each of these issues, Shultz explains, we in the United States and people in the rest of the world will have the prospect of a better future.
The world is at an inflection point. Advancing technologies are creating new opportunities and challenges. Great demographic changes are occurring rapidly, with significant consequences. Governance everywhere is in disarray. A new world is emerging. These are some of the key insights to emerge from a series of interdisciplinary roundtables and global expert contributions hosted by the Hoover Institution. In these pages, George P. Shultz and James Timbie examine a range of issues shaping our present and future, region by region. Concrete proposals address migration, reversing the decline of K–12 education, updating the social safety net, maintaining economic productivity, protecting our democratic processes, improving national security, and more. Meeting these transformational challenges will require international cooperation, constructive engagement, and strong governance. The United States is well positioned to ride this wave of change—and lead other nations in doing the same.
Drawing on their experience as government insiders, the authors of this book show how economic policy is shaped at the highest levels of government. They reveal the interconnections between economic, social and international policy, covering such issues as the advocacy system.
What are the keys to good economic policy? George P. Shultz and John B. Taylor draw from their several decades of experience at the forefront of national economic policy making to show how market fundamentals beat politically popular government interventions—be they from Democrats or Republicans—as a recipe for success. Choose Economic Freedom reconstructs debates from the 1960s and 1970s about the use of wage and price controls as tools of policy, showing how brilliant economists can hold diametrically opposed views about the wisdom of using government intervention to spur the economy. Speeches and documents from the era include a recently unearthed memo from Arthur Burns, Federal Reserve chair, in 1971, in which he argues in favor of controls. Under Burns's guidance and in the face of stubborn inflation, Nixon introduced wage and price guidelines and freezes. But over the long run, these became a drag on the economy and ultimately failed. It wasn't until the Reagan administration that these controls were reversed, resulting in a vibrant economy. The words of iconic economist Milton Friedman—whose "free to choose" ethos inspired the free-market revolution of the Reagan era—along with lessons Shultz and Taylor learned from the front lines, demonstrate that tried-and-true economic policy works.
The American ability to inspire—which we call exceptionalism—is not automatic. It takes continued efforts to be realized in a changing world. In this book, scholars at the Hoover Institution—professors, thinkers, and practitioners of global renown in their respective fields—offer a series of accessible policy ideas for civic, economic, and security architecture that would shore up the long-term foundations of American strengths. Blueprint for America takes a beyond-the-Beltway look at the basic policies that should be prioritized by the next president and Congress. Economists Michael Boskin, John Cogan, John Cochrane, and John Taylor address questions of entitlement reform, deficits, monetary reform, national debt, and regulatory and tax reform. Scott Atlas draws on his experience in the practice of medicine to tackle the Affordable Care Act and propose incentive-based health care reforms. Cochrane returns to reframe the hot-button political discourses on immigration and international trade. Eric Hanushek addresses the current performance--and reform--of K–12 education. Retired admiral James Ellis, retired general Jim Mattis, and Kori Schake offer their visions of how to restore America's national security through proactive and realistic agenda setting. Ellis follows with a rethink of energy security strategy in an era of abundance and James Goodby expounds on the country's practice of diplomacy in a time of turbulent transition. George Shultz draws from his experiences in government, industry, and academia to lead off each section with a range of clear-eyed observations on spending, human resources, foreign policy, and, in conclusion, the art of governance. The spirit of Blueprint for America is positive and grounded in first principles, offering ideas, diagnoses, solutions, and road maps for the long view.
George P. Shultz recounts a lifetime of experiences in government, business, and academia and describes how those experiences have shaped the way he thinks about the world. In his plainspoken manner, he provides the reader with keys to understanding how he helped bring the nuclear disarmament movement into the mainstream of American policy discussions, why he urges his Republican Party colleagues to adopt measures to address climate change as an insurance policy for the future, why leaders must learn to govern over diversity, and more. Far more than a simple biography, Learning from Experience makes a unique contribution to political, social, and economic thought, offering the author's reflections on experiences that have influenced his worldview. Ranging far beyond the realm of diplomacy, Shultz's account illuminates America's race relations, defines a down-to-earth economic philosophy built on free markets and fair treatment of labor, and identifies the strengths and weaknesses of presidential leadership as observed during his government service, including four cabinet posts, in the Eisenhower, Nixon, and Reagan administrations.
This book discusses the nuclear dilemma from various countries' points of view: from Japan, Korea, the Middle East, and others. The final chapter proposes a new solution for the nonproliferation treaty review.