Here's how you can infuse creativity into economic research.

In addition to known practices in economic research which among the many include quality data and the use of analytical tools, you need to include personal feelings in the study and also the feelings of the research audience especially if it is human-related. The outcome of the research must ideally resonate with the intended audience to which you are attempting to establish a solution. feelings create ownership and probably contribute to more impactful research.

Thomas Kuhn's "The Nature of Scientific Revolutions" showed that most research reinforces what we already believe to be true. To be creative we have to look at the inconsistencies within the current paradigm and try to come up with solutions to those problems. Often that requires techniques and models from other disciplines. So don't be afraid of tackling the big problems. They're the ones worth spending your time on.

Lateral thinking in economics is about looking at problems in new ways, using inspiration from diverse disciplines like psychology and sociology. By incorporating insights from these fields, economists can develop more nuanced models of behavior, such as understanding how emotions impact financial decisions. This approach allows for a broader and more comprehensive analysis of economic issues, leading to innovative solutions and fresh perspectives. By stepping outside traditional economic theories, lateral thinking opens up new possibilities and opportunities for growth in the field.

Today the most often cited definition of the creative economy is from the UK Department of Culture, Media and Sport (DCMS). They define the creative economy as “those industries which have their origin in individual creativity, skill and talent and which have a potential for wealth and job creation through the generation and exploitation of intellectual property” (DCMS, 1998, p.3).

I have found understanding anthropology and psychology to be the best way to add creativity into economic research. The math is well understood and in so many ways not too difficult. However, human behavior and the psychology of incentives can turn some of the theory upside down and provide opportunity for some insightful findings...

Think outside the box: Collaborate with other disciplines, explore new data sources, and challenge existing assumptions. Get creative with methods: Experiment with different research designs, utilize big data tools, and craft compelling narratives with visualizations. Make it engaging: Develop interactive simulations, prototype solutions, and foster a collaborative environment.

Futuristas, politólogos y economistas discuten sobre esto desde hace más de una década. Dise?ar un antídoto contra la rigidez en las disciplinas, la improvisación y la táctica cortoplacista habitual en la política se hace imprescindible. Vivimos tiempos de una cierta ?miopía laboral? que impide ver más allá de un período corto, lo cual conlleva toma de decisiones importantes sin tener en cuenta cómo afectarán al sector productivo dentro de diez, veinte o cien a?os. Por eso es tan relevante observar el paisaje completo y establecer nuevos modos de trabajar, donde las disciplinas, las habilidades y los modelos deberán converger con la mayor intensidad conocida hasta ahora.

I find a Multiple Discipline approach very helpful in understanding complex problems, and finding and applying new methods for modeling complex systems. These include derivatives, financial structures, and evaluating flexibility and growth (and attrition) with other synergies.

This will make space for you for integration of new components into the ongoing process. However your mindset be open to interpretation of other disciplines

Embracing uncertainty isn't about throwing caution to the wind and being unprepared. It's really about a deep listening and an understanding of the ecosystem you're in. It's paying attention to the many different perspectives and contexts, so that you can more readily respond and adapt to the many changes around you.

Criatividade segundo Albert Einstein, nada mais é do que a inteligência se divertindo, e ao ser aplicada em pesquisas econ?micas pode promover abordagens inovadoras, abra?ando as incertezas de novas perspectivas, dando uma nova vis?o sobre o cenário econ?mico e criando modelos mais adaptáveis e de fácil entendimento a realidade atual.

Questioning existing norms is fundamental to being creative in economic research, or any other research for that fact. It is in It is by looking outside of the box that we find new things, innovative processes or just new ways to look at the same problem in a different light.

Research is a journey. The best researchers enjoy the process. And you can't be creative in research without embracing uncertainty while knowing that many of your ideas will not work out. One of my early mentors, Dr. Richard Crowell, said to me, "That's a clever idea. Clever ideas can either be brilliant or very stupid. It's your job to find out what it is."

These tools promote an expansive, interconnected view of economic issues, revealing impacts on various aspects of society that traditional methods might overlook. Exploring the complex web of factors influencing economic phenomena leads to richer analyses and insights. This open-ended approach sparks innovative ideas and hypotheses that may not emerge from structured, conventional methods. Incorporating creative tools fosters a holistic, nuanced understanding of economics, leading to fresh perspectives and potentially groundbreaking discoveries. These techniques encourage thinking beyond linear relationships and considering the multifaceted nature of the subject matter.

Mind maps can be a fun exercise to write down thoughts and group them into topics. A mind map is a diagram that connects related ideas or topics in a non-linear fashion: the main idea is placed in the middle of the map, with subtopics branching out from it. The final result resembles a giant spider web. When you organize your thoughts in a mind map, you can reduce the time spent brainstorming and increase productivity. Crafting a mind map requires creativity and thinking outside the box. In a certain way you are forcing your brain to think critically to scan all the available information, spot patterns and trends, and come up with relevant solutions.

Co-Creative Methods: Involving stakeholders in the research process can lead to the generation of new knowledge and improve the relevance and applicability of the research. Interdisciplinary Teams: Working with diverse teams can bring in different viewpoints and expertise, enhancing creativity and innovation.

El ser inteligente sabe que no existe nada gratuito, que todo tiene un costo que ofrece un beneficio, con la capacidad de satisfacer una carencia o una necesidad, es consciente que esa necesidad existe porque no se puede obtener todo lo que desee sin ningún esfuerzo . Los recursos que son identificados en el ser inteligente se reconocen como la habilidad, la iniciativa, el talento y el conocimiento, que son reflejo de su cultura poblacional, que es el ambiente formado por un grupo de seres.

Design thinking method may also be helpful to apply in economic research.This method can complement other methods in use in economic research.And the results or findings can be useful for proposing policies and effective decision-making.

Challenge conventional wisdom. Ideas don't need to be complicated to do so. Good ideas are usually obvious in retrospect. Research that challenges the current paradigm is usually the most worthwhile for you and the field.

Change might be constant, but it's not the only game in town. Principles are timeless, while trends are just the latest fashion. As Thomas Jefferson said, “In matters of style, swim with the current; in matters of principle, stand like a rock.” Some truths are unshakable. Today’s media circus, fueled by greed and flashy gimmicks, lets companies that prioritize style over substance thrive. It’s all about the optics! Yet, golden opportunities await those who stick to their principles. Just look at Mark Cuban's Cost Plus Drugs taking on Big Pharma. It’s proof that mixing first principles with creative economics can shake things up and lead to big wins.

Established economic norms is not just an academic exercise; it is a vital process that drives innovation, enhances our understanding of market dynamics, and leads to more effective and equitable economic policies. This questioning spirit is the bedrock of creative economic research, fostering advancements that reflect the evolving complexities of the real world.

Norms can be "Normalized" to provide a real time perspective, but the truth is Norms are Variables. They can never be fixed due to supply and demand, inflation and escalation, time value of money and other factors like geopolitics. The only thing we can do is try to stay ahead of the curve and apply physics first principles to identify groundbreaking ideas.

Economic facts and figures are not always easy to digest for an average reader, hence the writer needs to invest heavily in creativity and story telling or narration skills to captivate the readers. Numbers are good especially for those who are economics savvy but always remember that the average reader is not one of them and hence there is a need for a balance. Instead of just giving out important information on the onset one can use suspense writing to make it interesting to read.

Ao longo da minha trajetória profissional, como gestor de riscos, tive que lidar, inúmeras vezes, com a dificuldade de transmitir e sensibilizar meus interlocutores sobre os assuntos que estudava. Descobri no storytelling uma ferramenta poderosa de trazer empatia para a mesa.

I do believe storytelling is crucial in presenting our research. A story bridges the gap between abstract theory and tangible reality, making our work more accessible and impactful. However, we must be careful not to oversimplify or misrepresent our data. The challenge is to create narratives that are accurate yet compelling.

Una buena idea puede ser pensar en el público al que se quiere llevar con la narrativa, eso permitirá entender qué tipo de elementos gráficos, visuales, textuales o sonoros son necesarios para llevar el contenido económico a dicha audiencia y a través de cuáles canales hacerlo. En mi experiencia, una buena narrativa en redes sociales puede resultar útil y valiosa para los más jóvenes, mientras que una infografía puede servir más para las personas de mediana edad y un texto para los mayores.

If you're going to challenge conventional thinking and the status quo, you need to explain your ideas in way that is quickly understandable by both novices and experts. Storytelling and good analogies are critical for this. You have to make your audience think about the problem in a new way, not just take your word for it. That's the power of persuasion.

Infusing creativity into economic research by leveraging research-based statistics involves integrating relevant up to date robust data analysis with innovative approaches like: 1. Big Data Analytics: Leverage big data and machine learning techniques to handle and analyze large datasets, providing more granular and detailed insights. For Example: Analyzing social media data to gauge consumer sentiment and its impact on market trends using sentiment analysis and clustering algorithms. This is can be enhanced by An appropriate Experimental Design to test the hypotheses in real-world settings. By integrating these, you can enhance the rigor, depth, and creativity of your work, leading to more robust and insightful findings. Ciao

I had the opportunity to work on a project Agricultural Market Intelligence in collaboration with Western Sydney University, Australia. The goal of this project was to enhance agricultural market intelligence. Through this initiative, we explored innovative methodology system thinking approach. In economics, different stakeholders have unique perspectives and goals. Farmers aim to optimize their profits, traders seek higher margins, and consumers desire high-quality food at affordable prices. These differing objectives often lead to conflicts. To address this, we explored a system thinking approach to help balance supply and demand. This approach focuses on integrating farmers into the system, by developing i-KisanSetu application.

Debes estar "atento al ambiente". Una conversación con un amigo del colegio que estudió otra carrera o un comentario de un alumno que ve las cosas con otra perspectiva pueden estar sugiriendo entre líneas un nuevo indicador o una variable relevante que no existe pero que se puede construir y tener índices propios que resuman cierta característica de la situación económica con un enfoque propio. Eso además da valor al trabajo que uno pueda realizar porque le da un sello propio y marca la diferencia en lo que uno puede ofrecer frente a lo que hagan otros analistas.

The economic model designed in the past emphasizes "objectivity" at the expense of "subjectivity," which is precisely the dragging ball responsible for any failure of economic objectives. In other words, ignoring the behavioral study of consumers leads to a misguided understanding of economic phenomena and realities. Systemic analysis involves properly situating economic actors, "everyone" without distinction, in the socio-economic context of each individual interacting with their geopolitical-economic environment. This contextual and behavioral study of economic subjects is fundamental to the success of any economic objective.

Los seres inteligentes han comprendido que en la vida no existe ningún poder económico que pueda adquirir todo lo que existe, y que el deseo por poseer todo lo que se ofrece puede ocasionar más molestias que alegrías al provocar problemas médicos por no tener el tiempo ni el espacio necesarios para disfrutarlos. Tiempo y espacio son las dos palabras que siempre estarán unidas en la decisión de elegir, por ese motivo es importante plantearse prioridades que están determinados según los objetivos de la vida, expresado inicialmente en las necesidades básicas como alimentos, vestidos, vivienda, y las más importante que difícilmente se pueden adquirir: sentirse bien con lo que uno es.