A popular travel book this summer is London on $500 a Day (Macmillan; $7.95), a not-so-whimsical guide for "the well-heeled sybarite." In a season when sybarites, and a lot of other people, are staying home in herds, the book has not notably eased Harold Wilson's balance of payments problems. As its title suggests, however, the shoestring vacation abroad has gone the way of the Gladstone bag and $4 Moët et Chandon.
Zooming air fares, European inflation and the dwindling power of the dollar have combined to squeeze the annual American exodus. From all...
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