Economists still have good career prospects
23:52
According to Dr. Piotr Maszczyk from the Warsaw School of Economics, the replacement of economists with algorithms and artificial intelligence will not happen soon. Economists will still be needed because, to understand a man well, one needs another man.
"Economics is a social science, it deals in essence with the human. We, overwhelmed by equations and complicated finances, often forget that the center of economic considerations is human. You can imagine a situation where algorithms and artificial intelligence will be able to simulate human activity. It will not happen. however, in the perspective of the next 10 years," Dr. Piotr Maszczyk emphasized.
In his opinion, when it comes to how economists will work, there will be a more interdisciplinary approach to economic problems.
"It means that we will include the perspective of sociologists and social psychology more strongly in economic research. We will reevaluate our common views and patterns about how people behave and what they strive for," Dr. Maszczyk added.
