Business: A Much Needed Boost for the Council

The Administration got an additional lift on the economic front last week when the Senate approved President Ford's nomination of Burton Gordon Malkiel, a Princeton University economics professor, to the Council of Economic Advisers. The Senate's action follows its approval last month of Paul W. MacAvoy, an economics professor at the Massachusetts Institute of Technology. The appointments bring the three-man council to full strength for the first time since early spring. C.E.A. Members Gary Seevers and William Fellner resigned then; though they had other reasons as well, they were both resentful about...

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