Goodreads helps you keep track of books you want to read.
Start by marking “Trust: The Social Virtue and the Creation of Prosperity” as Want to Read:
Trust: The Social Virtue and the Creation of Prosperity
Enlarge cover
Rate this book
Clear rating
Open Preview

Trust: The Social Virtue and the Creation of Prosperity

3.83 of 5 stars 3.83  ·  rating details  ·  316 ratings  ·  30 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)
more details... edit details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about Trust, please sign up.

Be the first to ask a question about Trust

What's Behind Your Belly Button? A Psychological Perspective ... by Martha Char LoveThe Blank Slate by Steven PinkerDescartes' Error by Antonio R. DamasioStrangers to Ourselves by Timothy D. WilsonIn Two Minds by Jonathan St.B.T. Evans
Social Animal
48th out of 75 books — 17 voters
TELECOSM by George GilderUntil the Sun Falls by Cecelia HollandThe Art of War by Sun TzuA Book of Five Rings by Miyamoto MusashiIn, But Not of by Hugh Hewitt
OrgA
37th out of 39 books — 1 voter


More lists with this book...

Community Reviews

(showing 1-30 of 833)
filter  |  sort: default (?)  |  rating details
Rachel Bayles
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.
Jay
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
...more
Eduardo Santiago
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
James
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
...more
Lily Borovets


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
...more
Dimitar
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
Impresionante analisis de el impacto de los valores y el comportamiento social en la economia. Las aristas son multiples,y terribles...
Nelson
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
...more
Lauren
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
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
...more
nanto
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
...more
Sadie Forsythe
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
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
A great way to look at cultural differences, and how they explain the institutions of particular countries.
Brian Aull
Phenomenal book. Zooms right to the top of my non-fiction hall of fame
Eric
How the social idea of trust contributes to commerce
UChicagoLaw
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
Bethany
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.
Paul
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.
Trevor
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.
severyn
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
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.
Shawn
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.
Jennifer
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.
Kevin J. Rogers
It didn't take me long to figure out why I tossed this aside in the first place. Broad simplifications, sweeping generalizations, incessant hedging, and a lot of fuzzy thinking add up to a boring read.
Jarrett Kyoma
I would have given it a five if not for its generalisations and incoherence.
Anson
Wonderful book on Trust and its relationship in differerent societies
Maximillian
There's lack of trust in our society, why ? And How ?
« previous 1 3 4 5 6 7 8 9 27 28 next »
There are no discussion topics on this book yet. Be the first to start one »
  • The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
  • The Post-Corporate World: Life After Capitalism
  • Spheres of Justice: A Defense of Pluralism and Equality
  • Knowledge And Decisions
  • Empire of Wealth: The Epic History of American Economic Power
  • The Return of History and the End of Dreams
  • The Aquarian Conspiracy
  • The Rise and Decline of Nations: Economic Growth, Stagflation, and Social Rigidities
  • A History of Money and Banking in the United States: The Colonial Era to World War II
  • The Theory of Social and Economic Organization
  • The Geopolitics of Emotion: How Cultures of Fear, Humiliation, and Hope are Reshaping the World
  • Writing in the Dark: Essays on Literature and Politics
  • An Empire Wilderness: Travels Into America's Future
  • Socialism: An Economic and Sociological Analysis
  • The Third Wave: Democratization in the Late Twentieth Century
  • The Age of Fallibility: Consequences of the War on Terror
  • The New Jackals: Ramzi Yousef, Osama bin Laden, and the Future of Terrorism
  • Objective Knowledge: An Evolutionary Approach
32633
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
More about Francis Fukuyama...
The Origins of Political Order: From Prehuman Times to the French Revolution The End of History and the Last Man Our Posthuman Future: Consequences of the Biotechnology Revolution Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy America at the Crossroads: Democracy, Power, and the Neoconservative Legacy

Share This Book

“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
“I THE IDEA OF TRUST The Improbable Power of Culture in the Making of Economic Society” 0 likes
More quotes…