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Trust: The Social Virtue and the Creation of Prosperity
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Trust: The Social Virtue and the Creation of Prosperity

3.86  ·  Rating Details  ·  382 Ratings  ·  35 Reviews
From the Publisher 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 econo ...more
Paperback, 480 pages
Published June 18th 1996 by Free Press (first published 1995)
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(showing 1-30 of 1,133)
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Rachel Bayles
Jun 13, 2016 Rachel Bayles rated it it was amazing
Six stars. This book is like the answer to the universe and everything in it. Or at least the last couple of hundred years of history. I can't recall reading a book that so thoroughly clarified why the world is as it is. It should be on everyone's reading list.
May 14, 2016 TarasProkopyuk rated it it was amazing
Взрыв мозга в самом лучшем смысле этого понятия! Невероятно качественная работа автора, которая настолько насыщенна данными и экспертной оценкой Фукуямы, что среди них практически не осталось места для того, чего можно было бы назвать лишним. Книга один сплошной концентрат! Обожаю такие! Готов поставить 10 балов из 5!

Эта книга невероятно интереснейшее обозрение предпосылок и принципов которые заложенные в фундаменте самых экономически развитых регионов мира и их народностей не только в экономиче
Nov 26, 2015 Zoltán rated it it was amazing
Ez a könyv bizonyos tekintetben egy újabb lépés azon az analitikus gondolatösvényen, amin a szerző A történelem vége és az utolsó ember című elemzésével indult útnak. Míg abban a munkájában olyan kérdések boncolgatásával, mint például az embernek a hegeli értelemben vett "elismerésért folytatott küzdelme", azt a tételt igyekezett megalapozni, hogy eddigi tapasztalataink szerint a kapitalizmus és a liberális demokrácia az emberi társadalmi fejlődés lehetséges legjobb - vagy inkább legkevésbé ross ...more
Jul 23, 2012 Jay rated it really liked it
Trust: The Social Virtues and The Creation of Prosperity by Francis Fukuyama explores the role of social capital in promoting or eroding economic prosperity. The issue of social capital continues to receive excellent scholarship by many notable social scientists, including Robert Putnam and Charles Murray.

While these authors all note the role of religion in providing a framework for championing civic involvement, Fukuyama most explicitly credits leading Christian thinkers (particularly Max Webe
Eduardo Santiago
Aug 28, 2011 Eduardo Santiago rated it really liked it
Prosperity (financial, social) is more than just property rights and contract enforcement. Without trust, fundamental human interactions are too costly; that harms human societies. How to measure such an intangible? Fukuyama teaches by example, describing social institutions in high-trust cultures (Japan, Germany, USA) and low-trust ones (China, Southern Italy, France). He analyzes and explains, and warns us -- fifteen years ago! -- of the dangers of relying on trust without building more. He se ...more
Feb 06, 2011 James is currently reading it
I do not subscribe to neoliberal economics inasmuch as I understand economic policy (I'm a lit major and the math frightens me), but this book has been recommended to me, and so for the purpose of better understanding the neoliberal argument I shall begin to read it. Before reading it, though, I can cite at least an appreciation for Fukuyama in that he appears more complex than some of his other peers.

Chapter 1:

I'm already hopping mad. I read with an open mind, meaning that I read, but I am awar
Lily Borovets
Aug 11, 2014 Lily Borovets rated it it was amazing

Трудовий контракт - це добре, ви знаєте, що робота буде виконана, але якщо між вами є довіра, то робота буде виконуватись більш якісно.

Довіра - змазка соціального механізму. (Кеннет Ерроу)

В маленькій команді людям важче симулювати, ніж у великій. Та коли цінності й інтереси групи стоять вище ніж власні економічні інтереси, тоді все ок. (

Чим більше людям потрібні правила, тим менше вони довіряють одне одному.

Ситуація, коли у громадян немає інтересу до публічних справ, прямий зв'язок із встановлен
Apr 18, 2014 Dimitar rated it it was amazing
Simply brilliant! While I don't particularly like the unquestionable agreement with the neoliberal economic paradigm, in a way it makes Fukuyama's argument even more plausible. Having democratic and free market institutions is very well, but in a society lacking an informal culture of cooperation and trust, they incur huge running costs and become ineffective. Willingness to sacrifice short-term profits for building a long-term relation of interdependence provides all sides with a strong long-te ...more
Javier Castillo
Sep 04, 2012 Javier Castillo rated it it was amazing
Impresionante analisis de el impacto de los valores y el comportamiento social en la economia. Las aristas son multiples,y terribles...
As someone trained in the neoclassical tradition (BA Economics, BYU '05) I must be uber open-minded to read about something hand-wavy like culture in explaining economic phenomena.

This book is great at description, awful at prediction. In fact, which of Fukuyama's predictions have been realized? He prophesied that capitalism and democracy are bound to universally triumph, and here we are fighting the jihadists. Huntington pwned him on that one.

In this book, Fukuyama predicts that countries wit
Apr 14, 2013 Lauren rated it did not like it
What a long, drawn- out way to say "America is better than everyone else in the world"! This book was endless, drab, poorly- written, and full of overly- broad stereotypes. When I found out that it was written by a former member of the Bush administration, I immediately had my doubts, but I tried to give it a chance, I really did! Having now read the work, I have to wonder if Fukuyama has even spent any time living among-- and getting to know-- the people about whose nations he is so quick to ge ...more
Lukman Hakim
May 20, 2012 Lukman Hakim rated it really liked it
Trust: The Social Virtues and The Creation of ProsperityTrust: The Social Virtues and The Creation of Prosperity by Francis Fukuyama

Dalam buku Trust ini Fukuyama menjelaskan bahwa kepercayaan dapat menjadi modal yang sangat besar dalam keberlanjutan berbisnis. Dalam buku ini dijabarkan karakteristik perusahaan besar di negara-negara maju seperti Italia, Prancis, Korea, Jepang, Amerika, Jerman dan sebagainya. Berdsarkan pola yang tersubstansikan dalam buku ini adalah negara-negara penganut Liberalisme memiliki high trust terhadap orang-orang yang ber
Jun 15, 2008 nanto marked it as wishlist-‎a-k-a-buku-buruan
Saya sempat bingung dengan yang namanya Fukuyama ini. Bukunya meleber kemana-mana, satu hal yang menjadi simpul dari semua itu adalah ilmu Politik.

Tetapi itu pun sempat saya ragukan. Ketika berjumpa dengan kawan yang sedang kuliah MM saya melihatnya menjinjing buku ini. "Ini diktat kuliah?" Pertanyaan itu diiyakan oleh teman saya. Loh kok! Jadi bidang kajian Fukuyama ini masuk juga ke sana.

Begitulah akhirnya saya lebih suka membiarkan kepala ini untuk jeda bertanya dan mengkategorisasikan. Saya
Apr 05, 2012 Zarah rated it really liked it
This book is huge (just under 500 pages) statistical, and intimidating. But if you have an interest in culture and trust it is a must read. Fukuyama covers a wide variety of nationalities, finding surprising similarities and dissimilarities. Which 2 business models would assume to be more similar, Japan and China or Japan and Germany? I think you might be surprised at the answer, and the deciding variable is trust. That is what makes this book so important. Trust might be difficult to define and ...more
Jessica Scott
Feb 17, 2015 Jessica Scott rated it liked it
Interesting argument about the role of trust. Would really like to see if the arguments advanced in this book about the different economies held over the last 20 years or if the theories about cultural trust gave way to something else.
Ross Neely
Jun 20, 2014 Ross Neely rated it really liked it
A great way to look at cultural differences, and how they explain the institutions of particular countries.
Mar 18, 2016 Rob rated it liked it
The case for the importance of trust is well-made; not so sure about the link to prosperity.
Brian Aull
Phenomenal book. Zooms right to the top of my non-fiction hall of fame
Feb 10, 2015 Eric rated it liked it
How the social idea of trust contributes to commerce
My goal this year was to read as many books as possible in which the point of view of the author or the thesis of the work was at odds with my own prior beliefs. Three of these stand out. First, Robert George's Making Men Moral; second, Francis Fukuyama's Trust; and, third, Debra Satz, Why Some Things Should Not Be For Sale. My prior beliefs were moved slightly by some and reinforced by others. I won't prejudge them for you or presume you care how they impacted me. I can recommend them all as in ...more
May 20, 2015 Derek rated it really liked it
Good book just really boring.
Very worthwhile read. Definitely focuses much more on economics than I'd realized (or wanted) but has interesting cultural implications too. Basically he's trying to explain how/why capitalism works in high trust societies but can't be easily replicated in developing countries that might not have widespread social trust. A cautionary tale for those who would try to copy and paste our economic system on the developing world without taking unique cultral contexts into account.
Dec 14, 2007 Paul rated it liked it
If you are in business, I recommend it. It talks about trust as a commodity in business. Edges on oversimplification of human behavior, but the examples in it are solid. The example of productivity at the Ford plant increasing when it gave workers safety levers that could shut down the plant's operations was really interesting. His comparison between different cultures and nationalities is controversial, but nonetheless can make for some intersting dialogue.
Жанна Пояркова
Хорошая, славная книга, в которой Фукуяма пытается объяснить особенности построения крупных бизнесов особенностями семьи - в Китае, Японии, Америке, Франции, Италии. Из его анализа выходит, что между Америкой, провозглашающей индивидуализм, но глубоко консервативной по своей сути, и Японией гораздо больше общего, чем принято считать. Но мне больше понравилось описание специфики китайского бизнеса, все в точку.
Jul 13, 2007 Trevor rated it liked it
This is an interesting look at the role of trust in economic development. Fukuyama examines trust and how it creates social capital necessary for efficiency and wealth creation. Though the book is now over 10 years old, the ideas are not getting old. Some of the examples might would be different today, but that is not relevant to the thesis as a whole.
Sep 30, 2008 severyn is currently reading it
Kind of glib, kind of dated, but I must record this perfect statement from this 1995 book, from p17, and which I read two days ago as the global markets were troubling themselves:
"Substantial empirical evidence confirms that markets are indeed efficient allocators of resources and that giving free rein to self-interest promotes growth."
Robert Campbell
Jul 20, 2011 Robert Campbell rated it really liked it
Shelves: reviewed
Too many words, too many unsupported generalizations, and too much detail about too many things. However, at the core, an astute observation about the importance of genuine human interrelationships as the foundation for a sound, prosperous, and ultimately sustainable political economy.
May 19, 2008 Shawn rated it it was amazing
Shelves: favorites
A multi-disciplinary masterpiece! Modern economies are not solely influenced by capital and infrastructure as technological determinists argue, but also structural peculiarities of families, religion and ethnic interaction as cultural determinists posit.
Jul 01, 2009 Jennifer rated it really liked it
Quite an interesting study of the role of informal association -- via clubs, churches, etc. -- in building the conditions for economic success. Especially relevant now, post-credit meltdown, in an economy where no one seems to trust anyone anymore.
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Yoshihiro Francis Fukuyama (born 27 October 1952) is an American philosopher, political economist, and author.

Francis Fukuyama was born in the Hyde Park neighborhood of Chicago. His father, Yoshio Fukuyama, a second-generation Japanese-American, was trained as a minister in the Congregational Church and received a doctorate in sociology from the University of Chicago. His mother, Toshiko Kawata Fu
More about Francis Fukuyama...

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“I THE IDEA OF TRUST The Improbable Power of Culture in the Making of Economic Society” 1 likes
“The first thing to note about Korean industrial structure is the sheer concentration of Korean industry. Like other Asian economies, there are two levels of organization: individual firms and larger network organizations that unite disparate corporate entities. The Korean network organization is known as the chaebol, represented by the same two Chinese characters as the Japanese zaibatsu and patterned deliberately on the Japanese model. The size of individual Korean companies is not large by international standards. As of the mid-1980s, the Hyundai Motor Company, Korea’s largest automobile manufacturer, was only a thirtieth the size of General Motors, and the Samsung Electric Company was only a tenth the size of Japan’s Hitachi.1 However, these statistics understate their true economic clout because these businesses are linked to one another in very large network organizations. Virtually the whole of the large-business sector in Korea is part of a chaebol network: in 1988, forty-three chaebol (defined as conglomerates with assets in excess of 400 billion won, or US$500 million) brought together some 672 companies.2 If we measure industrial concentration by chaebol rather than individual firm, the figures are staggering: in 1984, the three largest chaebol alone (Samsung, Hyundai, and Lucky-Goldstar) produced 36 percent of Korea’s gross domestic product.3 Korean industry is more concentrated than that of Japan, particularly in the manufacturing sector; the three-firm concentration ratio for Korea in 1980 was 62.0 percent of all manufactured goods, compared to 56.3 percent for Japan.4 The degree of concentration of Korean industry grew throughout the postwar period, moreover, as the rate of chaebol growth substantially exceeded the rate of growth for the economy as a whole. For example, the twenty largest chaebol produced 21.8 percent of Korean gross domestic product in 1973, 28.9 percent in 1975, and 33.2 percent in 1978.5 The Japanese influence on Korean business organization has been enormous. Korea was an almost wholly agricultural society at the beginning of Japan’s colonial occupation in 1910, and the latter was responsible for creating much of the country’s early industrial infrastructure.6 Nearly 700,000 Japanese lived in Korea in 1940, and a similarly large number of Koreans lived in Japan as forced laborers. Some of the early Korean businesses got their start as colonial enterprises in the period of Japanese occupation.7 A good part of the two countries’ émigré populations were repatriated after the war, leading to a considerable exchange of knowledge and experience of business practices. The highly state-centered development strategies of President Park Chung Hee and others like him were formed as a result of his observation of Japanese industrial policy in Korea in the prewar period.” 1 likes
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