It's in your head

Interesting article in Newsweek which says that a new spate of economic studies indicate that economic growth may come down to attitudes .

Meinhard Miegel....is part of a growing movement of experts who argue that economic growth is actually dependent on a state of mind .

I agree with the view that growth and progress is strongly and primarily influenced by the state of mind and attitude . Traditional analysis places way too much emphasis on 'external' factors . History provides ample evidence of individuals , groups , companies , regions and countries who have overcome seemingly insurmountable odds to create meaningful success .

Perhaps one way when corporates have their review meetings their powerpoint slides will have a section on 'our state of mind' in addition to the sections on economy , markets , currency , inflation , competition.....