Traits Of A Great Economist

Being a good economist necessitates a variety of talents, some of which are more significant than others. Obviously, one of the most important talents an economist should possess is the ability to filter through thick theoretical and scientific publications and extract the information required. It’s critical to be a good reader because you will be spending so much time reading.

Factors That Define A Good Economist

Knowledge of social sciences

Mathematics is not all you need to be a successful economist. Other social science topics such as psychology, history, and sociology have a lot in common with economics. Economists who will be working on related issues will benefit from having a good grasp of both the factual basis and the methodologies utilized in these disciplines. Knowing a little about other, related areas will also stand you in good stead in life in general.

Knowledge of social sciences
Knowledge of social sciences

Independent thinker

While understanding other people’s work and theories is certainly necessary, to be genuinely effective as an economist. However, you must also have your own insights and ideas. The capacity to think for yourself and to challenge what you already know will help you to branch out and do original research, allowing you to become a better economist.

Being a self-starter will also help you stand out in conferences, seminars, and presentations. It’s engaging to be controversial, or at least to play the devil’s advocate, as it facilitates discussion and deeper thinking.  

Verbal communication skills

You should be comfortable speaking in front of an audience and able to convey the essential points of your subject clearly and concisely. If you do this and manage to become a clear and commanding speaker, people will take you more seriously and actually listen to you.

Great verbal communication makes an excel economist
Great verbal communication makes an excel economist

These skills also help with other social situations like job interviews, speaking to the media, or making contacts to build up your network at conferences and other events. Being able to charm people or simply talk to them like a human being will be essential in the future for networking and for when you finally need to spread your work.

Open-minded

For success in any academic field, you need to be open-minded. It’s important that you are open to new ideas and do not become too set in your perspective. You need to be able to hear the views of others and to engage productively with them even if you disagree with their reasoning.

Economists
Economists

A debate with a colleague can be a highly instructive experience, but only if you are open to hearing their views and to adjust your own opinions where necessary. Depending on how the discussion goes, you could alter your mind and adopt a new way of thinking, or you might successfully reaffirm your existing beliefs, reinforcing the concept of being an independent thinker.