Why Become An Economist?

The video discusses the role and responsibilities of economists in explaining the workings of the market economy to policymakers and the public. It highlights the challenges faced by the profession, particularly in diagnosing and preventing economic crises. The importance of ethical considerations, such as honesty and the principle of 'do no harm,' is emphasized. The complexity of the global economy is acknowledged, with a call for economists to admit the limits of their understanding to regain public trust.

According to the text, what is a significant challenge faced by economists in understanding the economy?

What does the text suggest is necessary for economists to regain trust?