A blog on all things to do with economics and related subjects
Tuesday, 1 December 2009
Trust, law and social norms: fundamentals of economic progress
In this audio from VoxEU.org Sir Partha Dasgupta of the University of Cambridge talks to Romesh Vaitilingam about why some countries are rich and others are poor. He argues that trust is the fundamental building block of societies – without it, there can be no basis for cooperation, which in turn leads to progress and economic development.