Free to Trust: Economic Freedom and Social Capital
研究经济制度如何影响普遍信任的形成，发现法律结构和产权安全能提升信任水平，市场经济的规则和激励机制促进人际信任。
SUMMARY We present new evidence on how generalized trust is formed. Unlike previous studies, we look at the explanatory power of economic institutions, we use newer data, we incorporate more countries, and we use instrumental variables in an attempt to handle the causality problem. A central result is that legal structure and security of property rights (area 2 of the Economic Freedom Index) increase trust. The idea is that a market economy, building on voluntary transactions and interactions with both friends and strangers within the predictability provided by the rule of law, entails both incentives and mechanisms for trust to emerge between people.