I recently had the pleasure of participating in a panel discussion organized by the Washington Council for Economic and Financial Education (WACEFE). WACEFE was formed in 1978 to expand and improve the quality of economic and financial education.
The topic of discussion was “the rising role of economists on policies in the public and private sectors.” The panel participants gave an overview of their backgrounds, what led them to pursue a career in economics, and the pros and cons of getting a Ph.D. in the subject. Drawing on our experience from diverse backgrounds, we discussed how economics is increasingly becoming more critical in shaping decision-making in government, business, and other organizations. This increasing influence in shaping policies that affect both the public and private sectors presents challenges and opportunities for economists.
You can watch a recording of the session here.