While in the United States economic growth finally broke through scoring in excess of 12 p.c. in real terms in the third quarter of 1975, there was some slowdown in the recovery toward the end of the year. What is to be expected in the internal and external economic sphere during 1976, while the...

Reviewing President Carter's economic policy after his first few months in office, Professor Wertheimer assumes a critical attitude particularly towards Carter's energy package and anti-inflation policies which, in his opinion, show serious flaws, limitations and lack of imagination.

According to the author the US economy is not in such a bad condition as usually depicted, but the relapse into a severe recession and uncertainty after thirty years of uninterrupted upward movements has been shocking. President Ford, although facing a self-assertive Congress, with his gradual...