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The Company of Strangers: A Natural History of Economic Life Revised Edition

Author

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  • Paul Seabright

Abstract

The Company of Strangers shows us the remarkable strangeness, and fragility, of our everyday lives. This completely revised and updated edition includes a new chapter analyzing how the rise and fall of social trust explain the unsustainable boom in the global economy over the past decade and the financial crisis that succeeded it. Drawing on insights from biology, anthropology, history, psychology, and literature, Paul Seabright explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, cities, and the banking system to provide the foundations of social trust that we need in our everyday lives. Even the simple acts of buying food and clothing depend on an astonishing web of interaction that spans the globe. How did humans develop the ability to trust total strangers with providing our most basic needs?

Suggested Citation

  • Paul Seabright, 2010. "The Company of Strangers: A Natural History of Economic Life Revised Edition," Economics Books, Princeton University Press, edition 1, number 9169.
    • Handle: RePEc:pup:pbooks:9169
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    Citations

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    Cited by:

    1. Enrico Spolaore & Romain Wacziarg, 2013. "How Deep Are the Roots of Economic Development?," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 325-369, June.
    2. Robert P. Gilles, 2019. "Building social networks under consent: A survey," Papers 1910.11693, arXiv.org, revised Apr 2020.
    3. Kikuchi, Tomoo & Nishimura, Kazuo & Stachurski, John, 2018. "Span of control, transaction costs and the structure of production chains," Theoretical Economics, Econometric Society, vol. 13(2), May.
    4. Sacha Bourgeois-Gironde, 2021. "Has Money Transformed Our Brains? A Glimpse into Stone-Age Neuroeconomics," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 55(1), pages 165-184, June.
    5. Eric Schniter & Roman M. Sheremeta, 2014. "Predictable and Predictive Emotions: Explaining Cheap Signals and Trust Re-Extension," Working Papers 14-07, Chapman University, Economic Science Institute.
    6. Grafton, R. Quentin & Kompas, Tom & Long, Ngo Van, 2017. "A brave new world? Kantian–Nashian interaction and the dynamics of global climate change mitigation," European Economic Review, Elsevier, vol. 99(C), pages 31-42.
    7. Krieger-Boden, Christiane, 2013. "New ethics for economics?," Kiel Policy Brief 60, Kiel Institute for the World Economy (IfW Kiel).
    8. Beinhocker, Eric, 2022. "Fair Social Contracts and the Foundations of Large-Scale Collaboration," INET Oxford Working Papers 2022-26, Institute for New Economic Thinking at the Oxford Martin School, University of Oxford.
    9. Murphy Ryan H., 2020. "Corporations as the Outgroup?," Man and the Economy, De Gruyter, vol. 7(1), pages 1-8, June.
    10. Frederic Sautet, 2013. "Local and Systemic Entrepreneurship: Solving the Puzzle of Entrepreneurship and Economic Development," Entrepreneurship Theory and Practice, , vol. 37(2), pages 387-402, March.
    11. Engwerda, J.C., 2012. "Prospects of Tools from Differential Games in the Study Of Macroeconomics of Climate Change," Discussion Paper 2012-045, Tilburg University, Center for Economic Research.
    12. Ganev, Georgy, 2019. "Economic activity, fiscal, and capital flow dynamics in Bulgaria 2007-2012: fiscal multiplier theory vs. “other things”," MPRA Paper 103421, University Library of Munich, Germany.
    13. Vahabi,Mehrdad, 2019. "The Political Economy of Predation," Cambridge Books, Cambridge University Press, number 9781107591370, January.
    14. John Blewitt, 2010. "Deschooling Society? A Lifelong Learning Network for Sustainable Communities, Urban Regeneration and Environmental Technologies," Sustainability, MDPI, vol. 2(11), pages 1-14, November.
    15. Robert P. Gilles, 2017. "Comments on: Games with a permission structure - A survey on generalizations and applications," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 25(1), pages 34-38, April.

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