Mental Model Lollapalooza: Principles of Economics

The Building Blocks of Rational Decision-Making

Mental Model Lollapalooza

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Photo by Dominik Lückmann on Unsplash

Principles of Economics

Individual decision-making

Scarcity

Opportunity cost

Marginal returns

Incentives

Interactions

Mutual benefits of trade

The benefits of markets

Government involvement

Economies

Standard of living

Too much money printing equals inflation

Inflation Vs Unemployment

Two-track Analysis

How does Charlie Munger think about this in his decision-making?

Summary

Mental Model Lollapalooza Catalogue

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