Many political economists also looked at the accelerating development of technology, whose role in economic and social relationships grew ever more important.
To understand why, consider how economists look at interest rates during normal times.
However, economists don't look at gas prices as a leading indicator of inflation.
It is the year-to-year figures the economists really look at.
But economists have looked, and they say the signs are not good.
Most economists are still looking for the Fed to lower rates once if not twice more before the end of the year.
Many economists look to the Fed itself to divine where interest rates and the economy are heading.
To counter long-term unemployment, many economists look to Sweden as a model.
As investors and economists look to the week ahead, they see signs of encouragement but also some uncertainty about what could happen.
The economists then looked at consumer spending from 1959 to 1999 and found a striking result.