What makes a good economist?

The capacity to observe, rationalise and propose freely - independent of the status quo. We need to create a new and fairer economic paradigm, where transparency, fairness and freedom are the core values.

[@santiagocas3683]

Realistically, do you think this is possible?

[@fransbararuallo7724]

According to me : the next economist challenges are the amount of populations and the quality of human resource. A good economist must knows well how to get many things by using the others skills, knowledge, experts, and experiences. That is it !

[@EconFilms]

thanks Frans - so in a word 'interdisciplinary'?

[@johnnykleytonful]

Trying to find motivation to keep studying economics....

[@stefaniseminario5351]

That's me

[@pramothmayakannannm3997]

Same Here, Brother

[@waqozhaan8046]

Sem as well

[@econmindeasyeconomics9702]

💻kzbin.info/www/bejne/ZpWsZJx4abhphbs

[@vaibhavsharma6260]

Yess

[@eltonmonjane3479]

I'm am Economics student. I've lost motivation once because I noted that no knowledge about the real world economy (really) works. Doubts kept increasing his rate lol. Doubt is the most uncomfortable thing for me. Than I started studying more Theology and Philosophy. I've learned that in these areas they aren't devoted to a method, technique or tool. They are busy trying to answer fundamental questions - real world question. I'm being driven to think that we are so in love with the models (which are useful but, I think, limited) that we are spending a lot of time trying to improve them instead of tackling questions and be open minded to apply other tools to answer important economic questions. What do you guys think about this?

[@adityadutta3179]

I've faced this problem many times when studying economics. Sometimes, the level of abstraction becomes too abstract and critical assumptions are too sensitive to the results. I feel looking at work like Angus Deaton's work is a really good antidote. Empirical problems are also, at the end, questions of theory.

[@anikdas2792]

Physics grad here. Same thing happened for me too while studying Physics, often the popular questions and domains seem impractical enough to seem to have no real-world impact. I started delving into developmental economics, in which I found ample material to say be able to contribute to real-world problems.

[@santiagocas3683]

@@anikdas2792 How did you manage to complement both knowledge?

[@anikdas2792]

​@@santiagocas3683 Hi, sorry for the late reply. I managed to ultimately find a middle ground where both my hard sciences and social sciences interests and knowledge can find a playing area. It is not an even playing field but I am enjoying it. I am currently working in the atmospheric sciences which is highly interdisciplinary and has the potential of utilising lessons from both fields, and many more as well.

[@nthperson]

What is needed is a return to interdisciplinary scientific investigation, a return to political economy and the treatment of nature (i.e., of land) as a distinct factor of production as described by political economists from Richard Cantillon to Henry George, and by just a small number of economists living today.

[@kristoffmorgan]

A good Economist is a blend of an engineer and architect who mixes the interpretation of the world around him/her with logic and creative conceptual design in an effort to better mirror and understand the utilization of resource that envelopes his/her population of the aggregated world. It is really a component of macrostrategic planning. Some people wanted a pony when they were young I wanted a fucking unicorn

[@thebaron3740]

"If everybody likes your idea, you can be certain that you’ve done nothing important"

[@subhadeepsinha5987]

I want to do something in economics. by the way, I am a beginner in this interesting subject. can you guide me from where to start this subject?

[@gabrielmamed]

Além da questão formal e matemática, os fundamentos filosóficos (origem da Economia) e as perspectivas histórica e social são fundamentais para que se tenha um bom economista. Abdicar desses fatores significa afastar-se totalmente do objetivo final da Ciência Econômica, que é a busca do bem-estar social. Não é, portanto, uma ciência exata. Ao contrário, é bem mais complexa, uma vez que deve considerar o elemento humano e como o mesmo reage às diferentes situações e mudanças que o mundo lhe impõe.

[@santiagocas3683]

Podría decirse que es una conjunción del psicoanálisis, filosofía, matemáticas y lógica.

[@ernestmwape]

Nobel Prize in economics should be given to China for moving more than 800 million out of poverty. Unfortunately right now the economic thought leaders are too politically biased to acknowledge the good job Chinese leaders have done in the realm of economic development. It is China that has helped more countries economically stabilise (thru purchase of their raw materials or providing huge market for their produce) and have some respectable infrastructure

[@r.n.3709]

im studying economics bachelor, scoring 90% and above and cant still figure out what this thing 'an economist' is all about. i am not a shallow student who only studies course work bt i study economics in its entirety yet i am still confused about this stuff. I really need someone to point me in the right direction like a mentor or i think I'll be better branching of into finance which is a more solid discipline at least to me. I dont even think the 'economists' themselves know what they are upto just as you can see in this video. Seems like use of too much paradoxies to try and justify they are doing a noble thing. Bt methinks otherwise. I am not willing to let my brilliant mind go to waste. Any views on this

[@blownspeakersss]

What school do you go to? Sounds like the people teaching you aren't real economists.

[@rdenHotEd]

robert ndiema get down from your high horse and recognize that there is always more to learn. All great minds of societies past and present have, humbly, realized that there will always be more to know. Also, if you really want to learn economics, I think graduate study would be par for the course.

[@KeithBarnesLife]

robert ndiema I'll try to keep this as short as possible. I honestly mean no offense my this next statement although it can be interpreted otherwise. If you have any manner of degree in economics and you're questioning the purpose and value of economics, and therefore economists, I'd venture to say you took a number of rudimentary mathematical and econometric courses without taking any manner of economic history nor economic global governance. I also have an undergraduate degree in economics and what it did was it gave me a new way at looking at even the simplest of relationships, identifying the subpar and exceptionally beneficial, acknowledging the misallocation of resources when said resources are more social that the materials an enterprise needs to function. I can go on for days about how economics opened my eyes to a different world of thought but KZbin is not the best platform for that.

[@notyourpieceofcake]

Keith Barnes I'd Love to get a teacher/mentor like you ❤ I have been studying economics for quite a long time now, and I love it so much that I can keep on reading some good economics book and spend years of my life ❤

[@husnatariq6314]

eradicatedsoul same here:]

[@tebogophasha1905]

Where i come from, South Africa, one of the economic challenges is lack of skills and qualifications, there are less people who are willing to work handy work while foreigners from neighboring countries such as Zimbabwe come illegally in our country to work as handy man, garderners, painters etc whereas unqualified citizens are sitting at home even when opportunity represents itself.

[@abdouelrahman2362]

I know it been 4years since you left this comment but i'd like to know your situation with economics and how far you got i'm from north africa and right now i'm studying in the dark no clear way of finding a path just mindlessly studying whatever they gave us and it got me anxious if you can spare a bit of your time to tell me how this whole thing works i would appreciate your service for life

[@ernestmwape]

That is why economists should help plan for training people in economically relevant courses. We in Africa are not producing enough STEM graduates - we have too many illiterate political leaders who are abusing government offices

[@Umarkhan-vh5wy]

To be a good economist researcher you must to know the use of econometrics & statics..... Then u will be able to make policy etc

[@Samuelhonkman]

An awareness that rationality is dependent upon values, which are in turn influenced by social background. The concept of the rational, individual unit of consumption is a myth which serves to legitimise political and moral beliefs, (thus shaping the world in its image), rather than a valid conceptual tool which works only to approximate and explain a reality which already exists.

[@EconFilms]

interesting point - how would you model the influence of values and social background? would you use models at all?

[@Samuelhonkman]

One thing you could perhaps use is marketing data and consumption habits concerning well-defined socio-economic categories (Neilsen Prizm for e.g.) crossed with political polling data (Ipsos Mori for e.g.) to begin to understand how broadly defined social groups react to stimuli and move on from there.

[@EconFilms]

Samuelhonkman nice idea - are you working on something right now?

[@Samuelhonkman]

Its an idea I've had kicking around for a while, but I've yet to find the time to do anything about it! I shoudn't have posted it on here for the world to see! I completed a qualitative investigation on drivers of consumer debt for my MSc and found 1) a fear of not conforming to the purchasing habits of one's peers and 2) a desire to conform to a self-prescribed 'dream', usually stemming from one's childhood ideas of happiness, to be quite instrumental in the consumption process, (and thus private debt) but the whole project was extremely time consuming and the data somewhat open to researcher interpretation. Using quantative data as previously suggested might be one method to scale up the scope of the research, reduce researcher bias (using pre-defined categories vis-a-vis the Ipsos/Neilsen databases) and broaden the applicability of the conclusions.

[@ryanastillero4693]

2:38 the prescription was expired and wrongfully manufactured even though right for the disease the functions are hindered. Still useless. 2:47 Not just books but Light novels or novels that targets the young people out there who are reading lots2x of useless novels about immortality pill or cultivation or transmigration with stories all about becoming powerfully strong and killing a lot of people innocent or villain. I hope our economist or are there any economist that writes about economy in story telling platform like novels. Where in the MC is applying economy on how to raise a good nation or kingdom, how an MC raise his company in third world nation, how an MC fights corrupts officials. Young people nowadays (I do not have sources) are all influence by anime, novels, and all sorts of mind blowing imagination about magic, war, love and etc. their minds are clouded with useless information that may stop or slow down their development. I wish economist would do that novels that are about MCs that can be cared about applying economics or novels about economics.

[@hughshux7960]

2:40 A spoonful of sugar in the form of a little humor helps a lot of medicine go down.

[@andregfp]

Sense of justice. Income inequality and lack of access to basic resources are becoming troublesome issues in the entire world. We have privileged efficiency at the expense of equality for too long, maybe it's time to start reverting certain policies

[@EconFilms]

thanks Andre, where would you begin?

[@1992danceboy]

Finally! Someone who is actually thinking of spreading our privileged excess to the least ones... smh yess let's do this!!

[@maheshsain6400]

Who is AFTER abhijeet banarji won nobel in economics 2019.

[@karinarinarina]

dang 1:52 was so honest!

[@yeahweburnstuff]

Why is Economics sometimes referred to as a science?

[@blownspeakersss]

+yeahweburnstuff Because it is a social science that operates like this: 1) observe something in the world 2) construct hypotheses 3) gather data 4) use data to construct mathematical models. Economics has become a very mathematical and scientific discipline.

[@rdenHotEd]

yeahweburnstuff try to gain admission into any reputable econ department without a strong undergraduate math foundation and you'll see just how scientific the field has become.

[@TheAvenger2012]

Kristoffer P well as an economist but also a financial mathematician i do do think that economics is an exact sciences... and the mathematical models are juste failures in our field!... you look at physics or chemistry the results are empirically more robust than models in Economics or Finance ....just look at the simplicity of econometrics(pretty much Gaussian) ...-_-

[@anddrestorres7300]

Economics is a way of life. Its not a degree. You call yourself a economist becouse you got a deegree please. A economical mind is something your retain and embrace only after thousands of hours of enjoyment in this craft

[@ashleigh3021]

Someone who denies all sociobiology, generally. Economists would rather discuss Marxism than discuss the existence of IQ and its impact on the nonsense of perfect rationality and the like in microeconomics.

[@Bliind]

Well done

[@anddrestorres7300]

A deggree doesn't make a good economist passion makes a good economist. Most of the people studying economics like it but they dont love it ( there mind is not rationalizing every single thing every second of the day in a economic sense) i droped out of college at 19, im 23 now i turned 3k into 1.3 million in two years. I love economics and economics blessed me with money. But i dont care about money i just buy assets and see the numbers fluctuate becouse i love it. Thats what makes a great economist not a bullshit deggree

[@santiagocas3683]

Como lograste aprender a manejar el dinero? Que te motiva?

[@spinkicker27]

Interesting video

[@MohamedNadjib-e6d]

Pauverty history or curiosity that break a scientist 😊😅😮😢🎉😂❤

[@fransbararuallo7724]

Because their clearly characters

[@adusumallivenkateswararao5368]

good enough

[@vaibhavsharma6260]

Economist must used to be like an engineer usee economic theory to apply in real world.

[@amosbanda9050]

Critical thinker and very curious

[@AudioPervert1]

What makes a good thief? Or a lair ... Go figure.

[@marianohernandez6612]

Less Keynes, more Mises...

[@EconFilms]

thanks Mariano, so more Austrian?

[@marianohernandez9331]

Econ Films Yes, I think that it's a school of economic thought we shouldn't forget.

[@clivemossmoon3611]

Just one more crisis and this joke of a profession will be disgraced into the dustbin of history where it belongs.

[@anddrestorres7300]

clive mossmoon exactly economics is not a job its a passion. I love it but its not a job

[@ashlinmathew7345]

@@anddrestorres7300 you can get so any jobs tho so whats your point?