A Critique of Trust: The Social Virtues and the Creation of Prosperity

A Critique of Trust: The Social Virtues and the Creation of Prosperity
Why are some countries richer and more prosperous than others are? Francis Fukuyama argues, in his book, Trust: The Social Virtues and the Creation of Prosperity, that some societies are able to develop cultural norms, such as hard work and mutual trust, more than others. Fukuyama maintains that economic activity represents a crucial part of social life and is knit together by a wide variety of norms, rules, moral obligations and other habits that together shape the society. His notion is that a nation's well bein…