Christian Broda is one of the premier economists in the United States. He is currently the managing director at Duquesne Capital Management. Mr. Broda was previously a Professor of Economics at the world famous University of Chicago and completed his PHD at the Massachusetts Institute of Technology. He has been published in numerous high level scholarly journals such as the American Economic Review and others. His profile in the media is also very strong and he has done guest appearances and contributes regularly to different forms of media. While Christian Broda is very successful his field of study seems to mystify many Americans. Let’s take a look at what exactly Mr. Broda does as an economist.
Put in simple terms an economist is an individual who examines the connection between the world’s resources and what human societies do with those resources. This goes for how much resources we put into projects and activities and how much we get out of those activities and how it affects the daily lives of individuals and the environment and systems that surround us. Economists help to shape our lives every day by influencing public policy makers and advising large organizations like companies, governments and others on the best way to utilize precious resources.
The vast majority of economists have some sort of relationship with governments. Either through training at public universities or by working directly with them. The reason for this is that governments worldwide have massive amounts of resources and need to know what the best way to use them will be. Ever since the early 1900s the government has hired about fifty percent of the economists in the United States at some point in their careers.
An economist will either hold a PHD like Mr. Broda or a Masters Degree. Typically economists have a great deal of education completed due to the complexity of the issues they face. They need to analyze the inputs and outputs of an economy and how all of those things will affect the day to day lives of all of us. For those economists who do not work for the government there is plenty of work in the private sector and with the media as Mr. Broda has done. The path Christian Broda has taken with his career is one of the best ways an economist can go. Having studied at some of the best educational institutions for economics and working in capital markets and the media is one of the pinnacles of the profession.
When it comes down to it economists simply observe and analyze the things we take for granted every day through the lenses of currency and mathematics. They help us to understand complex systems in our lives and the lives of others globally.