THE ECONOMY: The Creeping Enemy

Four years as President Eisenhower's No. 1 economic adviser gave shaggy, pipe-puffing Arthur Frank Burns a practical postgraduate education of a kind that rarely comes to economics professors. Burns's tour of Government policymaking, plus his repute as one of the U.S.'s top economic thinkers, lends great weight to a slender (88 pp.) book published this week by Fordham University Press. Author Burns, who resigned the Council of Economic Advisers' chairmanship in late 1956 to become president of Manhattan's nonprofit National Bureau of Economic Research, argues in Prosperity Without Inflation that the U.S. should make stable prices a prime objective...

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