This report originally appeared in the Business and Finance Section of the 28 May 1978 issue of The New York Times, with a Murray Hill, N. J., by-line. It is reprinted here by permission. N. R. Kleinfield is a business and financial reporter for The New York Times. A particularly attention-riveting statistic in this article is that a weekday copy of The New York Times has as much to read as the educated individual in 16th-century Europe absorbed in his lifetime. The question is whether we, like Erasmus, know what to do with it.
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