Taking at least one or two economics or business courses should be mandatory. That way I’d hear fewer business ideas that start with, “It’s like Facebook, only better.” One of the first lessons of economics is the importance of competition. Specifically, that if you try to do what everyone else is doing, you’ll probably fail. […]
Should You Use Scarcity Thinking When Making Big Life Decisions?
Few clichés in self-help are as popular as hatred for so-called “scarcity thinking.” Scarcity thinking being the evil mentality that assumes somewhere life has trade-offs. Steven Covey told us that synergy was one of the 7 Habits, the opposite of scarcity thinking. Entire books have been written about having an abundance mindset, and avoiding a […]