Business: Nixon's No. 1 Economist

RAUL WINSTON MCCRACKEN is a leading figure in America's new elite: the activist intellectuals, who simultaneously serve universities, corporations and Government. In all three of these areas, he helps to make high policy. He is, variously: 1) a full professor at the University of Michigan, 2) a board member of half a dozen companies and consultant to many other firms, 3) the author of countless economic monographs and books, 4) an adviser to government officials. Still, when Richard Nixon last week named him to the position of the chairman of the President's Council of Economic Advisers (salary: $30,000), McCracken accepted the...

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