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...