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Common Plots of Economic History

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https://www.collaborativefund.com/blog/common-plots-of-economic-history/

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Common Plots of Economic History
Complicated stuff can stem from a handful of common roots. Understanding those common roots can be more important than trying to wrap your head around complexity. To show you what I mean, let me tell you a story about stories.

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Seven universal plots

Seven universal plots

There are only seven plots that are so fundamental to the way we tell stories that every storyteller uses one of them: Overcoming Monsters, Rags to Riches, The Quest, Voyage and Return Rebirth,...

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Economic history

Looking for a few universal plot patterns reveals things fundamental to how all people think, which are likely to be repeated in the future and relevant to your own situation. This idea also applie...

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The lens to look through

  • People seem to want the same economic things – security, power, admiration, fulfillment.
  • They tend to use the same tactics to acquire those things...

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The limits of good ideas

A good idea taken to the furthest extreme becomes indistinguishable from a terrible idea.

The most important technological breakthroughs deliver such a high that most will ...

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A competitive advantage

The only thing harder than gaining a competitive edge is not losing an advantage when you have one.

Sears was the largest retailer in the world and so dominant at retai...

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Losing an advantage

Five things contribute to the gravitational pull of competitive advantages:

  1. Being right instills too much confidence that you can’t be wrong. But the outlier success will have compet...

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Misunderstanding past progress

Future progress is underrated because past progress is misunderstood.

  • There are times when optimism is so great and so broad that we become blind to future r...

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Underestimating general future growth

  1. Past progress as a one-time event misses how much of progress is incremental. A breakthrough never occurs in isolation but is the product of many little discoveries, often m...

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Surprises are constant

Surprises are constant, and not necessarily because we’re bad at predicting, but because everything important in the economy is driven by power laws where a tiny portion of things are responsible f...

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A willingness to believe

The ability to believe things that aren't true or haven't happened yet is the foundation of all economic growth and decline.

Every society tells fictional stories ...

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Finding a breakthrough

A breakthrough is a big deal because no one had thought of it before. Because no one had thought of it before means it's likely either illogical or appears to violate previously accepted rules....

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SIMILAR ARTICLES & IDEAS:

Persuasion through storytelling

Stories are a very integral part of being persuasive. 

Stories trump data when it comes to persuasion because stories are easier to understand and relate to.

What makes a story engaging

  • Suspense and “cliffhangers” allow you to create an addictive narrative;
  • Creating detailed imagery;
  • Using literary techniques for turning simple stories into memorable works of art.
  • Change made easier by providing an example.

Characteristics of persuasive stories

  • Delivery: matters as much as the content.
  • Imagery:  the brain “lights up” in reacting to imagery, truly transporting the reader to the events being described. 
  • Realism: poeple need a “human” element in the story that is easy for them to imagine.
  • Structure: people prefer stories that follow a logical manner.
  • Context: significant impact on the persuasiveness of a story.
  • Audience: determine who you don’t want reading your content along with who you do.

Us Vs Them

For more than two million years, our human ancestors lived in small groups that they considered their own. They created a demarcation of us vs them, a...

Being 'Themmed'

The mind is creating 'thems' all around us, with people putting other people in the 'in-group' or the 'out-group' all the time. This can be easily observed in office politics, as well as family discords.

People casually dismiss other people, ignore, discount, or attack them, reducing 'them' to a two-dimensional figure which they can use and throw at will, to further their own position, status, and identity.

Us and Them Are The Same

We need to stop creating mental divides and see the people around us as our common humanity.

  • We all feel pain and suffering.
  • We all die eventually.
  • We all lose our loved ones.

The way to recognize that we are 'them-ing' other people is to catch those subtle moments when we lose empathy, we use stereotypes, we discriminate, cast out or punish anyone.

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Belongingness

Belongingness

Individuals often seem defined by their need to belong to a certain group: family, school, political party. This can be explained by the fact that it is seldom easier to defend a viewpoint o...

History repeats itself

One useful conclusion that people can draw throughout their life is that, all things considered, it is not easy to find a path that hasn't been walked on before.

Most likely, the ones before you have already tried what you are thinking about, so why not taking into account their reactions to the events when planning on taking up the same path?

Value more learning sources

Once you have decided on a certain path to follow for your professional life, you might also want to consider reading and learning a bit about any subject that can be connected, even in a small degree, to your field. This can be extremely useful and interesting.

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