Nobel Laureates Give Advice to Young Economists

We asked eight Nobel Laureates in Economic Sciences what advice they would give to young economists.

Many of the featured laureates will convene in Lindau, Germany, 22–26 August 2017 for the 6th Lindau Meeting on Economic Sciences (#LiNoEcon) with 400 young economists from all around the world to discuss economics and to network.

[johnkeynesce]

Great economists who are already part of world history. Congratulations.

[FisherMonahan]

I’m 15 and I genuinely aspire to be an economist

[mipouji]

Immeasurable value. This furthers my passion in wanting to become an Economist.

[Daybyday]

CS + Econ is the way to go, so much cool research in that space that's having a big impact.

[sameerchaudhary]

Wooo I see Robert Shiller!! Thank you for teaching me finance Mr.Shiller!

[subhadeepsinha]

I AM 14 NOW AND I WANT TO DO SOMETHING IN ECONOMICS.
CAN YOU GUIDE ME FROM WHERE TO START THIS FASCINATING SUBJECT?

[Colttillian]

I’m 13 and my friend got me into economics

[vikaddj]

Many people get pessimistic about economics because there has been so many so many ideologics. I generally уори encourage students to be honest and do what they think is good Asking difficult questions or interesting questions is something very important. Find work that want to do that both inspires you but also thrills you with the fun of doing it. Part pf what it takes to be a good researcher is energy, effort and passion to make it happen. Its very important for people to do things because they really want to do them and work on ideas that are really important to them. You need to have some creativity but you also need to be able to put serious effort into it. If you don't find work that you like the day to day part of, you won't be able to work hard enough to accomplish the things you want to. Economists have the tools and now even richer data than they had in the past and the ability to deal with these problems in a constructive way. Young people who enter economics often take too cynical a view. Oy its all a mathematics, i've got to play some game. The young people are missing of human side of economic activity. It's important that Young economists get their nose of the data. Young people underestimate the tolerance of older people like me in the profession. Tolerance toward experimental ideas. Try to ask something which is a little more challenging and where you think 'i'm not sure anybody's really answered that question" They also underestimate how much people of my age are bored by people Who just do the same thing we've been doing. We want to hear something different. The most important interactions I've had in my life ve not been with elders they ve been with peers. I've got a huge amount out of co-authoring. You'll find That your colleagues who are educated elsewhere have some different points of view and I think one of the valuable of things is talk among the young people themselves. I think there is a great deal of opportunities still in economics. The fact is that real problem remain and that rea solutions are possible

[alienboy]

I hope will enter in an economy university in the next year, but still have the possibility that i don't pass in the exam, so ... I was wondering if its not a bad idea to do a Statistic course that is way easier to pass in my country. What did u think?

[emmanuelameyaw]

Economics shape our thinking and it is fantastic. But it is not like you can use economics to build something, for example like data scientist do...you know...like provide real solution to specific problems or coming up with some algorithm that solves real economic problems. Research findings are mostly opinions and arguments. What really works, we don't actually know. Just wondering why machine learning, data science is gaining a lot of attention in recent years... competitions everywhere...companies gaining valuable information from it...yet, econometrics and economics has no such value...I mean comparably. I think more than 90% of economics is theory...just to make you have an opinion about something...not necessarily that it works....and that you can bet on whatever solution you found. Even applied economics don't have this feature where researchers agree to the solution of a particular problem...maybe it is time to add Machine learning to economics

[vijayaganachari]

Economics part of world 🌎🌍 journey shrideviganachari

[nandadulalbakshi]

JC CARD HOLDER WELCOME.
JUNIOR MANAGE MENT TRAINEE

[MohamedNadjib-ed]

Is it the dicartian or dirac or bohr vision defiend the world nasdak or nikei or Singapore A levels❤😂🎉😢😮😅😊❤

[michelangelope]

What can be done with the gold in reserves like in the Fort Knox in America? Only to sell it. How much cost taxpayers to protect the gold? Fortunes. To sell the gold today spares to pay for the protection tomorrow. The gold market is going to crash and i defend my word against any economist past or present. Russia could go bankrupt and end the war in Ukraine. I think we live in an horrible world, and I was said it is the only one we have. I have to keep trying.

[AmericaFirstRifleman]

I'm so glad these old white dudes know better than everybody else I'm pretty sure the global economy is going to exceed and be better than ever before Economist are going to save Africa!

[kienwenchang]

Explain to the whole world why Billion Dollar Banknotes Printed and Circulated in America won't cause hyperinflation. I ain't talking one bill.
So good pretenders, American economists.

[AnhTuPhucDerrickHoangCanada]

I think a webcam is the mark of the beast. Lol