This immensely readable book by Patrick François provides an original insight into the increasingly fashionable topic that is social capital. In a unique, original study, the author emphasises trustworthiness as a vital feature of social capital and argues that standard economic treatments of this phenomenon are inadequate. The book's richer evolutionary treatment of this is embedded in a neoclassical model and will prove to be essential reading for economic development scholars as well as those interested in development studies and economic thought in general.
1. Introduction 2. Culture and Economic Development 3. New Institutions or Culturalists 4. Accounting for Characteristics 5. A Model of Trustworthiness in Production 6. The Anatomy of Development Success and Failure