As economists well know, fair market value of real property is influenced by many, many factors.
However, economists know that if it were out of competition, there would be similar architectural arms races in other industries.
But list prices still matter, as economists and psychologists know.
As he said at the time economists knew 300 ways of making love without having a girl friend.
The economists don't know, but I think here is part of the answer.
It showed mainly what economists already knew: that the economy was not growing at a robust pace.
It's the street version of what all economists know: that a huge number of jobs these days do not pay a living wage.
Nothing that economists know about tax cuts has changed since.
As economists know all too well, changing the assumptions of a model can often change the results.
"Most reasonable economists know there will be an adjustment," he said, "but when it happens is hard to predict."