Dark Horses

Though the process is concededly a slow one, liberal disenchantment with old-fangled notions of government regulation is edging over from the intellectual to the political arena.

Nicely symbolizing the transition is Charles L. Schultze, former senior economist at the Brookings Institution and currently chairman of President Carter’s Council of Economic Advisors. Schultze’s recently published The Public Use of Private Interest (Brookings Institution, 1775 Massachusetts Ave. N.W., Washington, D.C. 20036, $7.95), based on his Godkin Lectures at Harvard, is a stinging condemnation of federal regulatory action—not, to be sure, of federal regulation as such, but of its practical application in the realm of public policy.

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Though the process is concededly a slow one, liberal disenchantment with old-fangled notions of government regulation is edging over from the intellectual to the political arena.

Nicely symbolizing the transition is Charles L. Schultze, former senior economist at the Brookings Institution and currently chairman of President Carter’s Council of Economic Advisors. Schultze’s recently published The Public Use of Private Interest (Brookings Institution, 1775 Massachusetts Ave. N.W., Washington, D.C. 20036, $7.95), based on his Godkin Lectures at Harvard, is a stinging condemnation of federal regulatory action—not, to be sure, of federal regulation as such, but of its practical application in the realm of public policy.