What do you do if your economist career requires adaptability?

A career in economics MUST involve adaptability. In my case, I found that big lateral leaps helped me understand the way the economy works. I began as an academic looking at political economy and leaped into investment banking. I became The Chief Currency Strategist of a bank but soon realized that I should also understand commodities and bonds. Then I leaped into public policy serving the US President. Then I thought I should try building the economy instead of just talking about the economy and got into the world of startups. The economy isn't macro or micro, public or private, theoretical or real. It's everything everywhere, all at once. Call it a quantum space. The essential tool you need is unbounded curiosity and open-mindedness.

So true! Economics is one field where maximum adaptability is required, for sure. With a dynamic and an ever changing environment, economist need to be quick adapters.

Qualquer carreira, n?o só a de economista, exige adaptabilidade. Simples assim. Deste modo, você precisa ser flexível para aprender novos conceitos e novas práticas no trabalho. A adaptabilidade é sin?nimo de flexibilidade e, portanto, leis que enrijecem o mercado de trabalho s?o um desservi?o para os trabalhadores que se importam com o próprio crescimento profissional. Tome cuidado para n?o confundir a adaptabilidade com a falta de ética ou de critérios éticos. Nenhuma empresa quer um buf?o que se gaba de vender gato por lebre para o cliente. Você pode ser mais ou menos cauteloso (averso ao risco) com mudan?as no ambiente de trabalho, mas lembre-se de que a adaptabilidade só faz sentido se ela te deixa melhor, no trabalho, do que antes.

Economics leans more nowadays on the emerging interdisciplinary paradigm, integrating insights from fields such as psychology, sociology, and neuroscience. Behavioral economics, for example, explores how psychological factors influence economic decision-making, challenging traditional rationality assumptions. Going from the dismal science of rationality and scarcity assumptions to incorporating other variables like psychology and political economy as well as data and analytics is a good way to boost economic practice via embracing change. Economic theory and practice must develop and development is progressive change.

Mudan?as sempre podem acontecer, inevitavelmente isso faz parte do crescimento na minha humilde vis?o, estar alinhado com novas tendências e ter um networking robusto ajuda a crescer, mas as dificuldades é que nos gera mais aprendizado.

The best way I've found is to subscribe to the newsletters of specialists I consider to be experts in the field. This strategy has kept me informed even when I'm not 100% focused on LinkedIn or actively participating in conferences of the Order of Economists.

I think the key here is to always re-tool and ensure you have the skills needed to bring empirics to theory. Adaptability to emerging analytical tools of the trade like R and Python for data science and machine learning modelling and econometrics definitely brings the needed boost to economic research and practice.

Of course every aspect of life changes and the "economist career" is not an exception. So to catch up with the trend it is also very important to learn continually. For example, the rise of digitalisation affects the behavioral aspects of different customers or consumers and one should understand the possible impacts.

Change is the only constant thing in life; therefore I do a gap analysis of the entire process so as to ascertain the skills and competency needed to suitably adapt to the present realities and go ahead to acquire the required skills and competence. - Continuous learning is the key aproach

Em um mundo onde as mudan?as s?o cada vez mais rápidas exige uma aprendizagem contínua para entender os ciclos econ?micos, as mudan?as de consumo e mentalidade da popula??o, além de mudan?as estruturais na sociedade. Atualmente vivenciamos uma mudan?a no mercado de trabalho, que se tornou ainda mais digital e isso permite pessoas do Brasil e de outros países prestarem servi?os em outros continentes, ganhando em moeda estrangeira e consumindo localmente. Isso eleva a infla??o de servi?os no mundo inteiro e hoje conhecemos apenas o modelo de taxa de juros para controle de infla??o. é preciso aprender constante sobre os comportamentos econ?micos para viabilizar outros instrumentos econ?micos para controle da temida infla??o.

Networking is a game-changer for economists looking to stay flexible and in the know. Diving into groups like the National Association of Business Economics is a smart move to meet other business economists and get insights on the latest economic trends.

Es completamente necesario ampliar la caja de herramientas, en mi caso en particular ser un mejor orador y conectar mejor con mis audiencias en diferentes plataformas me ha permitido llegar más lejos. Es importante en esta parte ser consciente de cuales son esas habilidades que conectan mejor con sus aptitudes individuales y no solo montarse en la moda actual.

Absolutely! The availability of big data and advancements in technology have revolutionized economic research and analysis and these are definitely complimentary skills to diversify into. Techniques such as machine learning and econometrics allow economists to analyze large datasets more effectively, leading to more sophisticated modeling and forecasting. These skills are indispensable for economists in my professional opinion.

Times evolve with great precision and require that in addition to mastering the traditional skills of an economist, such as data analysis and economic modeling, it is ultimately beneficial to diversify skills in order to become more versatile and adaptable. This can include developing skills in related areas such as data science, programming or public policy analysis. Nowadays, an economist can also be proficient in programming languages such as Python or R and can take advantage of opportunities in big data analysis or predictive modeling, thus broadening their career options and their ability to adapt to new challenges.

Events such as the 2008 financial crisis highlighted the limitations of existing economic models and spurred efforts to develop more robust frameworks for understanding systemic risk, financial instability, and the interactions between the financial sector and the real economy. This is where strategic thinking comes to play. Stress tests and forecasting models like Monte Carlo simulations are good rolls for strategic thinking and strategic risk management for competitive edge. Organizational planning and growth engineering will have to take strategic goals and objectives into perspective and compare across the horizon via trend analysis for a strategic positioning of the firm so that it can maximize it's production possiblity frontier.

Strategy and Strategic thinking are handed out, without any thought, only way economists can be strategic is not being wedded to any school of economics, one solution that will work in situation, will be disastrous in another

A Gest?o de Risco é indispensável em nossa vida, ter um pensamento estratégico e futuro, pode mitigar vários riscos inerentes no mercado, como foi dito é preciso estar atento as mudan?as macroecon?micas, que est?o cada vez mais complexas de lidar, nisso digo que a tecnologia veio para ajudar, com a analise de dados utilizando Python e suas bibliotecas é possível tra?ar estratégias e mitigar riscos.

Mentalmente manter- se positivamente n?o é tarefa fácil, ainda mais nos tempos de hoje onde estamos passando por varias mudan?as constantes, mas manter a fé no que se faz e lutar por isso o torna mais positivo e confiante, as dificuldades sempre ir?o ter e é assim que crescemos, ent?o n?o desista persista.

La profesionalidad ideal se basa en un 50% de teoría y 50% práctica. Pero con los a?os, la experiencia aumenta y se parece a la regla de Pareto 20/80. El economista con experiencia tiene una cosa que se llama "intuicion numérica"... Que le ayuda a separar rápidamente el polvo de la paja... Lo importante a veces no es cuánto ganas...sino cuando un negocio y sus números no son buenos antes que nadie lo vea... Afinar el sentido, es algo q por mucho que lo intente la IA por ahora no puede...predecir, adelantarse al futuro es tarea de un economista experimentado y eso sigue valiendo oro...

Todas las profesiones, empresas y personas, requieren adaptarse a las nuevas realidades. MiFiD II, la normativa que regula el asesoramiento financiero, exigió a los profesionales del asesoramiento, un esfuerzo enorme para adaptarnos a la nueva situación. El aumento de la esperanza de vida exigirá un mayor esfuerzo de adaptación a los cada vez más frecuentes cambios. En nuestra vida personal, profesional y también a nivel empresarial. La especie humana sigue existiendo no porque sea la más fuerte que haya existido jamás sobre la tierra, sino porque es la que más capacidad y mejor se ha adaptado a los cambios. Y así seguirá siendo mientras nuestro instinto de supervivencia siga prevaleciendo. Como individuos, profesionales o empresarios.

On the side of normative economics, concerns about climate change and resource depletion have prompted economists to incorporate environmental considerations into economic analysis. Environmental economics now addresses issues such as pollution, natural resource management, and sustainable development, emphasizing the need for policies that balance economic growth with environmental protection. This is a good way to go if your career as an economist requires adaptability. Climate economics and ESG economics is a good leeway to adapt economic practice to emerging global problems 9n sustainability.

Adaptability is a key skill for all careers, in any industry. In this age of information, things change fast, and we need to keep ourselves updated, else we will surely become redundant soon. But continuous learning will happen only when we really Love what we do.

Be attached to reality, walk through the local business districts count the number of “For Hire” signs, walk through stores look how crowded they are what people are picking up, see what is happening in the economy, see whether it supports your economic thought. Economy supports Economics, Economy rarely bends to theoretical Economics