[medellin]

If this was true wouldn’t you have many more economists with multiple mullions just from market timing? Even if you can predict the market and you are correct it can stay irrational so i think this comment is completely incorrect

[lend000]

That's more of an indictment of the field of economics than anything else. The most talented leave to make better money in markets and hedge funds and the remaining academics get to set our public policy. There are plenty of consistently performing funds. Successful "applied economists" include Ray Dalio and Jim Simons.

[nyssos]

Maybe the economists who study asset pricing in financial markets should, but that's just one subfield among many. No one is beating the S&P with their knowledge of Japanese labor market dynamics or the 19th century Spanish wool industry.

[reedf1]

Yes, and they do work for fixed income hedge funds.

[greatpostman]

No becabuse academic credentials don’t mean anything