Category: Theory

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Photo by Krissana Porto

A ritual that takes place at the end of each year is that countless experts and forecasters predict their key trends for the coming year. We don’t like predictions, which tend to focus on the immediate at the expense of the more subtle but important longer-term drivers of change, yet it is always useful to keep an eye on the horizon. Here’s what we think you should be taking notice of in the New Year.

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As we’re heading into our summer holidays we know this is a perfect time to sit back and catch up on some reading, and if you’re feeling like something a bit more enriching than your typical beach read here’s our list of summer reading material. In typical Corset Economy fashion they’re all interesting and thought-provoking subjects, but easy and engaging enough to relax with on your holiday. Let us know what you think!

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We were thrilled to have Baruch Fischhoff, Howard Heinz Professor at Carnegie Mellon University join us for an interview last week. There were so many pearls of wisdom it was hard to distill down into just a few but here’s our best effort!

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Photo by Katie Moum

As Benjamin Franklin said, “in this world nothing is certain but death and taxes.” Uncertainty can feel quite overwhelming though, so it is important to find ways to make sense of it. Categorisation, heuristics and acknowledging ignorance are just three ways we suggest to move forward.

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Blink: The Power of Thinking without Thinking is a fascinating book by Malcolm Gladwell about the content and origin of our snap judgements we make in our everyday lives. In order to make these instantaneous impressions and conclusions we use a process of ‘thin-slicing’, whereby the unconscious parts of our brain seek and find patterns in situations and behaviour. This is how we make our way through the world, but the problem with this process of pattern recognition is that it is based on “very narrow slices of experience,” so there are times when our assumptions are biased or incorrect and it doesn’t work.

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Here at the Corset Economy we LOVE to read. As research for this project we’ve read hundreds of books covering everything from economics, behavioural science, technology and the environment – and built this treasure trove of a bookshelf in the process! We get that many of you are equally curious people interested in better understanding what’s going on in the world, but you don’t always have time to sift through what you should be reading – what books are really worth it?

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