The former director of the Office of Management and Budget discusses in detail the battle to implement the Reagan revolution
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David A. Stockman was elected as a Michigan congressman in 1976, and joined the Reagan White House in 1981 as budget director. During nearly two decades at the Blackstone Group, where he was one of the early partners, and at Heartland Industrial Partners, a firm he founded, Stockman was a private equity investor. Born in Fort Hood, Texas, Stockman now lives in Connecticut. He is the author of The Great Deformation: How Crony Capitalism Corrupted Free Markets and Democracy.
This memoir is a bitter review of Stockman's years in the Reagan Administration. It is a book with few heroes and many fools. The author claims naivete as his excuse. Although the narrative is somewhat confusing, overall, its backstage view of policymaking leaves one discouraged, even frightened by the superficiality. The book is a necessary library purchase for two reasons: the notoriety of the book and its author, and the insider's view of key policies still in place and key personalities still in power. Richard C. Schiming, Economics Dept., Mankato State Univ., Minn.
Copyright 1986 Reed Business Information, Inc.
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