ECONOMISTS: Super-capitalist at the CEA

Ever since he served as principal economic adviser to Richard Nixon in the 1968 campaign, Alan Greenspan has resisted countless offers to join the Administration. He has preferred to remain an outside critic—consulting when asked, praising and needling as he saw fit. His reputation surely did not need whatever prestige—or damage—would accrue from a high job in a Government preoccupied with impeachment. He earns more than $300,000 annually as head of Manhattan's Townsend-Greenspan & Co., an economic consulting firm that has some 100 blue-chip corporate and Wall Street clients. He has...