Economic activity is carried out by individuals in organisations that require a high degree of social co-operation
Francis FukuyamaThe passing of Marxism-Leninism first from China and then from the Soviet Union will mean its death as a living ideology ... . For while there may be some isolated true believers left in places like Managua, Pyongyang, or Cambridge, MA.
Francis FukuyamaNeoclassical economics ... has uncovered important truths about the nature of money and markets because its fundamental model of rational self-interested human behavior is correct about 80% of the time.
Francis FukuyamaIf networks are to be more efficient...this will come about only on the basis of a high level of trust and the existence of shared norms of ethical behavior between network members
Francis Fukuyama