It will simply be the formula that usually relegates clubs in Wigan's position: Limited resources, stiff opposition and the ultimate imponderable, chance.
If the economy is governed by historical happenstance, not timeless laws, and subject to imponderable contingencies, not calculable risks, then the economist may have precious little to say.
For Spain there remains the big imponderable of whether the Spanish authorities will insure its banks against further losses on their dodgy loans or physically remove the dodgy loans and put them into a new bad bank.