How to develop an abundance mindset

Mind over matter: is scarcity as much about psychology as it is economics?

“Unlimited wants, scarce resources”. This is the economic problem. But once basic needs are met, how much should scarcity – having “enough” – be understood as a psychological problem? Is it possible to cultivate an “abundance mindset”? And what does all of this mean for how economics is taught? The rise and rise of psychology in economics. Over recent decades there’s been a step change in the use of ideas from psychology in economics research. The vast literature on behavioural economics, for example, has challenged the core assumptions of an entirely rational, self-interested account of human behaviour. ….[READ]

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