What happened next is tough for economists to explain.
For economists and political analysts, it is the only unit of account.
The better the economy, the worse things seem to get for economists.
But for economists, it means that the recession is not going to end in the spring, as they had predicted.
But for economists who take private-sector jobs, money isn't everything.
A further main focus of Łaski's research and teaching activities was the course for economists from developing countries.
"So far, the decision process has been for economists a black box."
In the early 19th century there were no academic societies or professional associations for economists.
It also includes the biggest job fair in the world for academic economists.
But for most economists, skepticism about the market's rationality remains.