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2018 | OriginalPaper | Buchkapitel

14. Trust, Not Competition, as a Source of the Creative Economy

verfasst von : Stomu Yamash’ta, Tadashi Yagi

Erschienen in: The Kyoto Manifesto for Global Economics

Verlag: Springer Singapore

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Abstract

In a society, trust is a crucial factor for efficient cooperation and transactions.Without trust, cooperation is impossible and to prevent cheating the cost of transactions becomes too high. In this sense, it is important to examine the mechanisms of trust formation in a society. In this paper, we further develop the work of Zak and Knack by considering the relationship between trust, happiness, and inequality. The results of the empirical analysis by using cross country data show that higher levels of trust in society increase positive happiness, such as feelings of attainment, and decrease negative happiness, such as feelings of anxiety or anger.

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Vorheriges Kapitel The Essence of Creativity

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Titel: Trust, Not Competition, as a Source of the Creative Economy
verfasst von: Stomu Yamash’ta
Tadashi Yagi
Verlag: Springer Singapore
Buch: The Kyoto Manifesto for Global Economics
Print ISBN: 978-981-10-6477-7

Electronic ISBN: 978-981-10-6478-4

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-981-10-6478-4_14