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Cooperation and trust, supportable by our social natures, foster synergy of private, public, and civic sectors

Bibliographic Data

ID21281963
AuthorsLouis Putterman (0000-0001-7825-2791, Department of Economics, Box B, Brown University, Providence, RI 02912 USA, corresponding author)
Year2022
Volume72
IssueS1
Pages41-49
Publication date2022-07-15
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueActa Oeconomica (JOURNAL)
Journal identifiersISSN: 0001-6373 • E-ISSN: 1588-2659
PublisherAkademiai Kiado Zrt. (PUBLISHER • HU)
DOI10.1556/032.2022.00018
OpenAlexW4285589173
LanguageEN
References cited22

The gains in economic welfare achieved over the last several generations depend on social as much as they do on technological innovations. Although much of the technological and commercial progress in question was driven mainly by self-interest and competition, effective functioning of governmental and legal systems and provision of public goods were crucial to social and economic progress, and these depended partly on social norms and motivations. Research suggests that the strengthening in recent centuries of cooperative dispositions embedded in human social psychology by long run evolutionary forces has played an important part in the escape of an increasing share of humanity from poverty. Behavioral economics and research on economic history, institutions and culture are shedding light on these connections and may provide guidance helpful to preserving late 20th century gains in the now rapidly shifting landscape

Competition (biology) · Economic growth · Economics · Humanity · Market economy · Neoclassical economics · Political economy · Political science · Poverty · Public economics · Public good · Welfare · Culture, Economy, and Development Studies · Experimental Behavioral Economics Studies · Law · Social Capital and Networks

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