John Maynard Keynes and the Economy of Trust: The Relevance of the Keynesian Social Thought in a Global Society
John Maynard Keynes and the Economy of Trust: The Relevance of the Keynesian Social Thought in a Global Society by Donatella Padua
English | 2014 | ISBN: 1137467223 | 122 pages | PDF | 3 MB
English | 2014 | ISBN: 1137467223 | 122 pages | PDF | 3 MB
Why does trust collapse in times of crisis? And when, instead, does it become a driver of growth, generating value? This book offers an analysis of the dynamics of trust through a sociological interpretation of the thought of John Maynard Keynes, the first economist to understand the full extent of the confidence-lever.
In the context of the 2007 crisis and following recession, the innovative concept of Economy of Trust explains how trust spontaneously replaces the weakened institutional system of quality assurance and control and generates value.
Indeed, the deficiency of such a system has become the ideal breeding ground for the growth of the unethical speculative Nominal Economy. Within this context, only targeted policies of Economy of Trust can funnel the 'store of value' effect generated by trust towards positive intents of building social capital. Indeed, always taking in consideration the irrational aspect of human action as identified in a revolutionary way by John Maynard Keynes.