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.

The electorate has spoken - alea jacta est - re-electing President Nixon in an old-fashioned landslide for another four years' term. What is to be expected in the internal and external economic sphere during 1973?

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...