Trust: The Social Virtues and the Creation of Prosperity

"Trust: The Social Virtues and the Creation of Prosperity" by Francis Fukuyama argues that trust among individuals and institutions is essential for economic and social success. When people trust each other, transactions become smoother, cooperation increases, and wealth tends to grow because there's less need for costly rules and enforcement. The book emphasizes that trust fosters social cooperation, reduces corruption, and builds stronger communities, all of which are vital for sustainable prosperity. Essentially, trust acts as a social glue that enables society to function effectively and creates the foundation for economic development.