Why Trust Matters
Why Trust Matters Have economists neglected trust? More than that, trust is the glue that holds civilization together. The economy is fundamentally a network of relationships built on mutual…
Specifikacia Why Trust Matters
Why Trust Matters
Have economists neglected trust? More than that, trust is the glue that holds civilization together. The economy is fundamentally a network of relationships built on mutual expectations.
Institutions and relationships function because people place confidence in them. Every time we interact with another person--to make a purchase, work on a project, or share a living space--we rely on trust. Retailers seek to become trusted brands; employers put their trust in their employees; and democracy works only when we trust our government.Benjamin Ho reveals the surprising importance of trust to how we understand our day-to-day economic lives.
Starting with the earliest societies and proceeding through the evolution of the modern economy, he explores its role across an astonishing range of institutions and practices. From contracts and banking to blockchain and the sharing economy to health