Read more: See hereEconomics had been brought along steadily by William Haggas, winning his maiden in April before bursting onto the scene with a wide margin success in the Group Two Dante Stakes at York.
Haggas resisted the pressure to run his colt in the Derby, instead giving the Night Of Thunder colt plenty of time and he didn't reappear until August when winning another Group Two at Deauville.
The market expected him to deliver on his promise but Economics faced a stern test in this prestigious Group One with the field containing three top-class colts from Ballydoyle - including last year's winner Auguste Rodin - along with Eclipse and Juddmonte International third Ghostwriter.
Luxembourg, one of the Ballydoyle contingent, took the field along as he did last year with Ghostwriter in behind him while Economics was caught a little wide on the track in midfield with Ryan Moore and Auguste Rodin racing closer to the rail but tracking the favourite.
Marquand, who won the Matron Stakes with Porta Fortuna , asked Economics to take closer order on the turn for home but he really had to knuckle down and battle for his victory once the race began in earnest.
Luxembourg was the first of the principals to cry enough but Ghostwriter was boxing on and Auguste Rodin came through to lay down the strongest challenge. Auguste Rodin appeared to head his rival only for Economics to fight back but just as he had done so, Los Angeles was launching a sweeping run down the centre of the course.
That run came too late in the day for the Great Voltigeur winner and he had to settle for fourth in a race that will live long in the memory, not least in the minds of those connected with Japanese star Shin Emperor who took third over a trip short of his best.
The winning distances were a neck, three-quarters of a length, a head and three-quarters of a length.
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