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About Trust and Economic Progress
This document summarizes and critiques Francis Fukuyama's work examining the limitations of neoclassical economic models and assumptions. It notes that Fukuyama argues neoclassical models cannot fully explain issues like economic development and crises. Fukuyama proposes that social capital and culture are important explanatory variables ignored in standard models. The document also discusses how Fukuyama incorporates the idea of transaction costs and social virtues like trust into his analysis, arguing these non-economic factors are major determinants of economic success or lack thereof around the world.
Detailed Information
| Author: | ['ნინო გაბელაშვილი'] |
|---|---|
| Publication Year: | 2020 |
| Pages: | 10 |
| Language: | English |
| Format: | |
| Price: | FREE |
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