Dornbusch developed this model back when many economists held the view that ideal markets should reach equilibrium and stay there.

The division of labour itself was not, as economists had long held, caused by a desire for greater productivity.

Many other politicians and economists hold a similar view.

Hardly any economists hold that revenues should exactly match expenditures every year.

Austrian economists hold this to be the most damaging effect of inflation.

Politically, most mainstream economists hold views ranging from laissez-faire to modern liberalism.

Neo-classical economists hold that imposing central planning usually makes the self-organized economic system less efficient.

That is why economists hold such sway even now as the sanctifiers of greed and cruelty.

But some economists hold that a downward revision in the manufacturing output data is not a big problem.

Many other economists hold a different view.