Nation: Jimmy's Utility Infielder

No one in the incoming Administration knows more about the intricacies of the Federal Government than Charles Louis Schultze, 52. Jimmy Carter, who has come to regard him as a sort of utility infielder, considered him for several Cabinet-level posts, including Treasury and Defense, before deciding to make him chairman of the Council of Economic Advisers. Colleagues who have watched Schultze and the President-elect work together are struck by their rapport. Says Joseph Pechman, an informal Carter adviser and a member of TIME'S Board of Economists: "When Charlie talks, Carter listens. There's a special chemistry between them."

No Restraints. A pragmatic, neo-Keynesian...

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