Monday, June 13, 2011

Happiness Needs Trust

The recent development in economic research tells of what is different from the usual textbook of economics:

What he’s found in comparative studies of nations is that both the level of corruption and the degree of trust in society are important predictors of well-being. “Corruption is a measure of trust in society, and trust, it turns out, should be essential to well-being.”

Countries where the level of trust in society is very low have a lot of difficulty thriving economically—so you need a certain level of trust to get moving.

(Trust) will have an extra contribution to human welfare because happier societies are ones where people trust each other and spend a fair amount of time catering to social needs.”

No comments: