The Great Mental Models, Volume 4: Economics and Art

By Shane Parrish, Rhiannon Beaubien, Rosie Leizrowice

Categories: Business & Money, Self-Help

The fourth volume of The Great Mental Models draws lessons from economics and the arts. The authors explore economic models such as scarcity, supply and demand, optimization, trade-offs, specialization, interdependence, efficiency, debt, monopoly and competition, creative destruction, Gresham's law, bubbles and more. They then turn to art, examining audience, genre, contrast, framing, rhythm, melody, representation, plausibility, character, performance and setting, showing how ideas from both fields can improve how we think and decide.