Fear/mistrust: an underdevelopment factor

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Article #2664

#2664

From: fbonsignore
Date: Tue, 24 May 2005 19:10

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Clearly the fear factor is an important determinant of chronical
underdevelopment when it is equated to insecurity. Civilization has as
a deep meaning that of providing certainties, as is the case with
economic variables such as the exchange rate and the interest rate,
whose effect is in part due to the posiibility to forecast them
accurately. But without falling in the extreme of a threatened society,
fear towards others must have an effect in development similar to that
of envy. In this case, the reason one economic agent would let go an
opportunity to profit would be not that of not wanting the other party
to achieve a higher level of welfare than the offering party, but that
of *fearing* the other party in some sense. This idea is motivated by
the article on the number of parolees in America, five million, which,
through the effect of fear/mistrust will certainly have the effect of
leaving lots of people unemployed at least...

Fabrizio J Bonsignore, now Danilo J Bonsignore

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From: fbonsignore@beethoven.com
Newsgroups: sci.econ,ny.general,dc.general,seattle.general,utexas.general
Subject: Fear/mistrust: an underdevelopment factor
Date: 24 May 2005 12:10:43 -0700
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