Why Trust Matters, Benjamin Ho
Why Trust Matters, Benjamin Ho
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Why Trust Matters
An Economist's Guide to the Ties That Bind Us

Author: Benjamin Ho

Narrator: Sean Pratt

Unabridged: 9 hr 49 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 07/06/2021


Synopsis

Have economists neglected trust? The economy is fundamentally a network of relationships built on mutual expectations. More than that, trust is the glue that holds civilization together. Every time we interact with another person—to make a purchase, work on a project, or share a living space—we rely on trust. Institutions and relationships function because people place confidence in them.

Benjamin Ho reveals the surprising importance of trust to how we understand our day-to-day economic lives. Starting with the earliest societies and proceeding through the evolution of the modern economy, he explores its role across an astonishing range of institutions and practices. From contracts and banking to blockchain and the sharing economy to health care and climate change, Ho shows how trust shapes the workings of the world. He provides an accessible account of how economists have applied the mathematical tools of game theory and the experimental methods of behavioral economics to bring rigor to understanding trust. Bringing together insights from decades of research in an approachable format, Why Trust Matters shows how a concept that we rarely associate with the discipline of economics is central to the social systems that govern our lives.

About Benjamin Ho

Benjamin Ho is an associate professor of economics at Vassar College and a faculty affiliate for the Center for Global Energy Policy at Columbia University. He was also lead energy economist at the White House Council of Economic Advisers and has worked and consulted for various investment banks and tech startups.


Reviews

Goodreads review by Richard on December 22, 2022

A nicely written and accessible guide to trust, full of interesting facts and research. I am really interested in trust from a variety of angles and see it as a fundamental and critical part of life that we often take for granted without thinking about it too deeply. From reading this book I assume......more

Goodreads review by David on February 18, 2023

Nad tímhle budu chtít více přemýšlet. Celkově relativně základní koncepty se prolínají ve větší stavbu. Ty kamínky: a) důvěra umožňuje kooperaci, různé společenské modely (rodina - tlupa - kmen - náboženství - národ - ...?) umožňuje víc b) budování důvěry je ekonomicky tak výhodné, že se často vyplatí......more

Goodreads review by Raymundo on January 01, 2022

Lo leí para ver si lo dejaba como lectura en una clase. Pero el libro es un poco desordenado y vago. En una página te habla de Hobbes, en la siguiente del número de Dunbar, a la siguiente sobre modelos teóricos y al siguiente da una lista de un libro sin motivar por qué la lista es interesante o deb......more

Goodreads review by Rayfes on November 23, 2021

Nice history of how trust is part of our society. I like the idea that legal contracts shouldn't be so ironclad since that binds both sides and doesn't allow trust to develop. If one party is going to break a contract there will be pain regardless of the strength of the contract. I don't think the a......more

Goodreads review by Declan on January 29, 2022

Benjamin Ho brings an interesting new dimension into economic theory, although retains some stubborn neoclassical beliefs about markets and efficiency that are hard to square with the more salient points about societal organization. I can’t exactly recommend this if you’re not already into economics......more