Pricing Pollution: Measuring Carbon Externalities for US Corporations

In this book, Francis Fukuyama argues that the level of trust within a society is a crucial factor in its economic success. He contends that societies with high levels of trust, such as Germany, Japan, and the United States, are more likely to create flexible and large-scale business organizations necessary for competing in the global economy. Fukuyama examines various national cultures to identify the underlying principles that foster social and economic prosperity, emphasizing the importance of social capital and the interconnectedness of economic and cultural life. He challenges both neoclassical and state-centered economic theories by highlighting the role of trust and social virtues in economic development[1][2][4].