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The Company of Strangers Paul Seabright

The Company of Strangers By Paul Seabright

The Company of Strangers by Paul Seabright


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Summary

Provides a sociological account of the emergence of those economic institutions that manage not only markets but also the world's myriad other affairs. This work explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, and cities to provide the foundation of social trust.

The Company of Strangers Summary

The Company of Strangers: A Natural History of Economic Life by Paul Seabright

Human beings are the only species in nature to have developed an elaborate division of labor between strangers. Even something as simple as buying a shirt depends on an astonishing web of interaction and organization that spans the world. But unlike that other uniquely human attribute, language, our ability to cooperate with strangers did not evolve gradually through our prehistory. Only 10,000 years ago - a blink of an eye in evolutionary time - humans hunted in bands, were intensely suspicious of strangers, and fought those whom they could not flee. Yet since the dawn of agriculture we have refined the division of labor to the point where, today, we live and work amid strangers and depend upon millions more. Every time we travel by rail or air we entrust our lives to individuals we do not know. What institutions have made this possible? In The Company of Strangers, Paul Seabright provides an original evolutionary and sociological account of the emergence of those economic institutions that manage not only markets but also the world's myriad other affairs. Drawing on insights from biology, anthropology, history, psychology, and literature, Seabright explores how our evolved ability of abstract reasoning has allowed institutions like money, markets, and cities to provide the foundation of social trust. But how long can the networks of modern life survive when we are exposed as never before to risks originating in distant parts of the globe? This lively narrative shows us the remarkable strangeness, and fragility, of our everyday lives.

The Company of Strangers Reviews

The Company of Strangers is a model of how different disciplines can enrich each other to explain human progress. -- George Peden Times Literary Supplement A welcome and important contribution... The Company of Strangers exemplifies a new breed of economic analysis, seeking answers to fundamental questions wherever they are found and ignoring disciplinary boundaries... [It] is highly readable and will be accessible to a wide audience. bert Gintis, Nature A very unusual new book about economics, and much else besides... Elaborate co-operation outside the family, but within the same species, is confined to humans. The requirements for such co-operation, and hence for modern economic life, which is founded on specialization and an infinitely elaborated division of labor, are more demanding than you might suppose... The fact that things could have turned out so differently makes the modern global economy, with all its awesome productivity, seem even more miraculous. The Economist A clear, thought-provoking and elegant book. -- Howard Davies Times Higher Education Supplement An important and timely book. -- Giles Whittell The Times (London) An entertaining, wide-ranging account about how the economy evolved in a way that allowed strangers, even potentially hostile strangers, to cooperate and even collaborate within market-based institutionsS. Seabright tells the story of how human beings, despite their genetic predisposition toward violent and even murderous behavior, have managed to produce a complex civilization through market-based institutions. Choice We now depend on the efforts of many strangers for our lives. In these days of terror and conflict, Seabright's stunning exploration of this human social experiment is timely... This is a book every concerned citizen should read, along with anybody in business who ever has to tangle with government regulations or the law, and who wants to understand why those relationships are so complex. -- Diane Coyle Strategy and Business A brilliant book. -- Martin Wolf Financial Times In his absorbing book, Seabright ... marvels at how easily we 'entrust our lives to the pilot of an aircraft, accept food from a stranger in a restaurant, enter a subway train packed full of our genetic rivals.' It's not often that an economist provides nuggets for cocktail party conversation. -- Peter Young Bloomberg News Few economists are so sweeping in their ideas as Seabright, and few so anxious to make us look freshly at the world... In The Company of Strangers, Seabright has produced one of those books that lie low, speak quietly, but work a change on the reader. -- Robert Fulford National Post There seems to be no place where Seabright is a stranger. He obviously feels as much at home among classical economists as among evolutionary biologists, quotes modern literature and ancient history with equal aplomb, jumps from experimental psychology to political philosophy and draws liberally on his personal memories of places from Ukraine to India... [His] book is obviously not meant as an exercise in planned economy, but as an excursion, without blinkers and without apprehension, through a tumultuous crowd of ideas. -- Karl Sigmund American Scientist So what does it take to become truly global? In a nutshell, it means learning how to live in The Company of Strangers. In [this] illuminating book ... Paul Seabright, himself an economist, brings together insights from history, biology and sociology to explain the concept of modern civilization. Korea Herald Paul Seabright contends that the Neolithic revolution, which saw the beginning of farming, changed not only the environment but also human nature. Settling down to tend fields promoted societies based on trust. Today, he says, all our economic institutions rely on trust... [I]t is a provocative read. -- Maggie McDonald New Scientist

About Paul Seabright

Paul Seabright is Professor of Economics at the University of Toulouse, France. Formerly a Fellow of All Souls College, Oxford, and of Churchill College, Cambridge, he is a contributor to the London Review of Books.

Table of Contents

Foreword xi Acknowledgments xv Trust and Panic: Introduction to the Revised Edition 1 Part I: Tunnel Vision 15 Chapter 1: Who's in Charge? 17 Prologue to Part II 33 Part II: From Murderous Apes to Honorary Friends: How Is Human Cooperation Possible? 35 Chapter 2: Man and the Risks of Nature 37 Chapter 3: Our Violent Past 55 Chapter 4: How Have We Tamed Our Violent Instincts? 65 Chapter 5: How Did the Social Emotions Evolve? 80 Chapter 6: Money and Human Relationships 91 Chapter 7: Honor among Thieves: Hoarding and Stealing 106 Chapter 8: Honor among Bankers? What Caused the Financial Crisis? 116 Chapter 9: Professionalism and Fulfillment in Work and War 134 Epilogue to Parts I and II 147 Prologue to Part III 151 Part III: Unintended Consequences: From Family Bands to Industrial Cities 155 Chapter 10: The City, from Ancient Athens to Modern Manhattan 157 Chapter 11: Water: Commodity or Social Institution? 172 Chapter 12: Prices for Everything? 186 Chapter 13: Families and Firms 204 Chapter 14: Knowledge and Symbolism 226 Chapter 15: Exclusion: Unemployment, Poverty, and Illness 244 Epilogue to Part III 263 Prologue to Part IV 265 Part IV: Collective Action: From Belligerent States to a Marketplace of Nations 269 Chapter 16: States and Empires 271 Chapter 17: Globalization and Political Action 288 Chapter 18: Conclusion: How Fragile Is the Great Experiment? 302 Notes 317 References 343 Index 365

Additional information

GOR003406649
9780691124520
0691124523
The Company of Strangers: A Natural History of Economic Life by Paul Seabright
Used - Very Good
Paperback
Princeton University Press
20050807
320
Short-listed for British Academy Book Prize 2005
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Company of Strangers