"We ought to be doing all we can to protect the American economic system, pointing out deficiencies and helping to build," says Maurice Stans, the hardworking and highly dedicated Secretary of Commerce. "I feel very strongly about it—I happen to be a beneficiary of that system."

As a onetime night school student who became a millionaire accountant, Stans has good reason for vigorously defending The System. But there is a growing doubt among corporate leaders that personable "Maury" Stans is prepared to recognize its deficiencies. And that is an equally important part of his job, especially at a time when...

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