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Ezra Solomon

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The Presidential historical materials of Ezra Solomon 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 (44 U.S.C. 2111 note) and implementing regulations. In accordance with the act and regulations, archivists reviewed the file group to identify personal and private materials (including materials outside the date span covered by the act) as well as nonhistorical items. These materials have been returned to the individual who has primary proprietary interest.

Materials covered by the Act have been archivally processed and are described in this register. Items which are security classified or otherwise restricted under the act and regulations have been removed and placed in a closed file. A Document Withdrawal Record (GSA Form 7279 or NA Form 14021) with a description of each restricted document has been inserted at the beginning of each folder from which materials have been removed. A Document Control Record marks the original position of the withdrawn item. Employees of the National Archives will review periodically the unclassified portions of closed materials for the purpose of opening those which no longer require restriction. Certain classified documents may be declassified under authority of Executive Order 13526 in response to a Mandatory Review Request (NA Form 14020) submitted by the researcher.

  • Linear feet of materials:   12
  • Approximate number of pages:   21,600

Biographical Note

March 30, 1920 Born in Rangoon, Burma

1940 University of Rangoon

1942-1947 Lieutenant, Burma Division, Royal Naval Volunteers Reserves

May 7, 1949 Married Janet Lorraine Cameron

1948-1951 Instructor, University of Chicago

1950 Ph.D. degree, University of Chicago

1951-1955 Assistant Professor of Finance, University of Chicago

1957-1961 Professor, University of Chicago

1951-1971, 1973- Dean Witter Professor of Finance, Stanford University

September 9, 1971 Appointment on Council of Economic Advisers (CEA)

March 31, 1973 Resigned from CEA to return to Stanford

Scope and Content Note

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.

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.

Series Description

Boxes:   1
Series:   Chronological Files | Folder Title List
Spans:   1971-1973
Description:   Correspondence and drafts relating to the securities industry, the President's new economic policy, trade policy, Hunt Commission Report, research and development (R & D) incentives, and youth unemployment. Arranged chronologically.

Boxes:   1-3
Series:   Administrative Files | Folder Title List
Spans:   1973-1973
Description:   This series is divided into two subseries: Memoranda for the President Files (box 1) include copies of memoranda signed by McCracken, Stein, and Solomon as Acting Chairman. Topics covered include exchange rates, stock and bond markets, monetary and financial conditions, prime rate, GNP, employment, economic indicators, consumer price index (CPI), industrial protection, balance of payments, and retail sales. Arranged chronologically. White House Staff Files (boxes 1-3) include correspondence, memoranda, reports, notes, and press releases. Topics covered include the budget, annual economic report, preparation of reports and speeches, staff schedules, use of White House Mess, exchange rates, interest rates, trade, monetary and financial conditions, economic policy, and international monetary reform. Arranged alphabetically by folder title.

Boxes:   3-27
Series:   Subject Files | Folder Title List
Spans:   1971-1973
Description:   Correspondence, memoranda, papers, draft minutes, reports, press releases, and printed material. Topics include invitations to meetings and conferences, the Council on International Economic Policy (CIEP), preparation of economic report, fuel and energy policy, financial structure and regulation, international monetary system, R & D incentives, recruiting staff for the CEA, technology leadership, and the Organization for Economic Cooperation and Development (OECD). Arranged alphabetically by folder title.

Folder Title List

Available as a searchable Adobe Acrobat PDFpdf file.

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