Business: The Professor with the Power

PEERING at the world from behind gold-rimmed glasses and beneath a thatch of gray hair, Arthur Burns is a model of the modern professor in Government. He is seldom found on the Washington cocktail circuit, and perhaps with some reason. "Being at a dinner with Burns is like being back in the high school classroom," says an acquaintance. His manner is relentlessly professorial; even his doodlings while he talks on the telephone are architecturally precise. But he occasionally shows a dry wit; he has been heard to speak of one politician as "a gentleman and a demagogue."

Though Burns seems in many...

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