Must-Read: Dietrich Vollrath (2016): The Returns to Societal Capital: “Brad DeLong… points out that much of our prosperity comes from a stock of societal capital that we unknowingly rely on every day… …Trust: I think this is much of what DeLong has in mind. We are lucky to be in the “trust” or “cooperate” equilibrium … Continue reading Must-Read: Dietrich Vollrath (2016): The Returns to Societal Capital