IDEAS home Printed from
   My bibliography  Save this article

Trust: The Social Virtues and the Creation of Prosperity--A Review Article


  • Munir Quddus

    () (Department of Economics and Finance, University of Southern Indiana)

  • Michael Goldsby

    (University of Southern Indiana)

  • Mahmud Farooque

    (George Mason University)


Contemporary economics is currently undergoing a crisis as reflected by a decline in its influence on public policy discourse. The abject failure of academic economics to effectively address issues of the transitional economies or to produce a satisfactory explanation of the East Asian economic crisis has added to this negative image. This paper reviews Francis Fukuyama's recent book, Trust: The Social Virtues and the Creation of Prosperity to present an interdisciplinary perspective on many of the topics economists have come to claim as theirs only. According to Fukuyama, there are many issues in societal behavior that cannot be satisfactorily explained by the assumption of rational economic agents. He believes that social capital is a major contributing factor in building economic prosperity around the world.

Suggested Citation

  • Munir Quddus & Michael Goldsby & Mahmud Farooque, 2000. "Trust: The Social Virtues and the Creation of Prosperity--A Review Article," Eastern Economic Journal, Eastern Economic Association, vol. 26(1), pages 87-98, Winter.
  • Handle: RePEc:eej:eeconj:v:26:y:2000:i:1:p:87-98

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Scott Steele, 2010. "An Organisational Discussion of Incomplete Contracting and Transaction Costs in Conservation Contracts," Journal of Agricultural Economics, Wiley Blackwell, vol. 61(1), pages 163-174, February.
    2. repec:eee:aumajo:v:18:y:2010:i:4:p:248-255 is not listed on IDEAS
    3. Hassani Mahmooei, Behrooz & Parris, Brett, 2012. "Dynamics of effort allocation and evolution of trust: an agent-based model," MPRA Paper 44919, University Library of Munich, Germany.

    More about this item



    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:26:y:2000:i:1:p:87-98. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Victor Matheson, College of the Holy Cross). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.