Six Thinking Hats

Mindtools has a good overview of a decision-making tool called the Six Thinking Hats. This tool helps improve your decision making by enabling you to look at a decision from all angles.

“Six Thinking Hats” is a powerful technique that helps you look at important decisions from a number of different perspectives. It helps you make better decisions by pushing you to move outside your habitual ways of thinking. As such, it helps you understand the full complexity of a decision, and spot issues and opportunities which you might otherwise not notice.

The hats are:

For more details and examples, read the whole thing.

March 19, 2009 | Filed Under Decision Making | Leave a Comment 

Free Jay Leno Tickets Provide Lesson on the Free Market

This is an amusing story from Greg Mankiw’s blog that also shows how free markets improve the allocation of resources.

March 19, 2009 | Filed Under Economics | Leave a Comment 

Spending Does Not Drive the Economy, Part 1

The belief that spending drives the economy is pervasive. It manifests itself in two sub-categories: First, the belief that consumer spending drives the economy and, second, the belief that government stimulus spending assists the economy.

We’ll look at each of these in turn, and then show how this relates to the topic of productivity.

Read more

March 19, 2009 | Filed Under Economics, Productivity | 7 Comments