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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

3.81 of 5 stars 3.81  ·  rating details  ·  301 ratings  ·  27 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 ...more
Paperback, 480 pages
Published June 18th 1996 by Free Press (first published 1995)
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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.
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
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

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
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...
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
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
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
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
Ross Neely
A great way to look at cultural differences, and how they explain the institutions of particular countries.
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
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.
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.
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
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.
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.
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.
Wonderful book on Trust and its relationship in differerent societies
There's lack of trust in our society, why ? And How ?
William Dickenson
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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” 0 likes
“while Koreans also are relatively group-oriented, they also have a strong individualistic streak like most Westerners. Koreans frequently joke that an individual Korean can beat an individual Japanese, but that a group of Koreans are certain to be beaten by a group of Japanese.”36 The rate of employee turnover, raiding of other companies’ skilled labor, and the like are all higher in Korea than in Japan.37 Anecdotally, there would seem to be a lower level of informal work-oriented socializing in Korea than in Japan, with employees heading home to their families at the end of the day rather than staying on to drink in the evenings with their workmates.38” 0 likes
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