Trust: the social virtues and the creation of prosperity

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Free Press, 1995 - Business & Economics - 457 pages
3 Reviews
In his bestselling The End of History and the Last Man, Francis Fukuyama argued that the end of the Cold War would also mean the beginning of a struggle for position in the rapidly emerging order of 21st-century capitalism. In Trust, a penetrating assessment of the emerging global economic order "after History," he explains the social principles of economic life and tells us what we need to know to win the coming struggle for world dominance.

Challenging orthodoxies of both the left and right, Fukuyama examines a wide range of national cultures in order to divine the underlying principles that foster social and economic prosperity. Insisting that we cannot divorce economic life from cultural life, he contends that in an era when social capital may be as important as physical capital, only those societies with a high degree of social trust will be able to create the flexible, large-scale business organizations that are needed to compete in the new global economy.

A brilliant study of the interconnectedness of economic life with cultural life, Trust is also an essential antidote to the increasing drift of American culture into extreme forms of individualism, which, if unchecked, will have dire consequences for the nation's economic health.

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TRUST: The Social Virtues and the Creation of Prosperity

User Review  - Jane Doe - Kirkus

Fukuyama offers a general theory of prosperity that provides provocative answers to certain of the questions he raised in The End of History and the Last Man (1992). While conceding that neoclassical ... Read full review

Trust: the social virtues and the creation of prosperity

User Review  - Not Available - Book Verdict

Fukuyama (The End of History and the Last Man, LJ 1/92) examines the impact of culture on economic life, society, and success in the new global economy. He argues that the most pervasive cultural ... Read full review

Contents

On the Human Situation at the End of History
3
The Twenty Percent Solution
13
Scale and Trust
23
Copyright

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About the author (1995)

Francis Fukuyama, a senior social scientist at the Rand Corporation, lives in McLean, Virginia.