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Importance of Economists Engaging with Real-World Scenarios
Engaging with real-world scenarios by getting out of academic bubbles and interacting with various sectors such as communities, government, and corporations is crucial for economists. This firsthand experience helps in gaining insights, understanding blind spots, and enhancing the narrative of economic theories. By breaking out of the traditional confines, economists can improve their understanding of economic principles and make significant contributions to both academia and practical economic applications.