Institutions and Trust Level During the Muromachi Era
Juro Teranishi ()
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Juro Teranishi: Hitotsubashi University
Chapter 5 in Culture and Institutions in the Economic Growth of Japan, 2020, pp 181-236 from Springer
Abstract:
Abstract The theme of this chapter lies in the decline in the trust level and insufficient functioning of institutions in the medieval period society. It seems that the high level of trust in ancient society, when society was homogenous and various communal ties were prevalent, declined rapidly after the thirteenth century, finally leading to the turmoil of the Warring States period during the sixteenth century. During the Muromachi era, the functioning of existing institutions, such as the bakufu (samurai government) system and feudalism, went into difficulty and became increasingly inefficient, gradually becoming unable to fulfil the social functions assigned.
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:stechp:978-4-431-55627-5_5
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DOI: 10.1007/978-4-431-55627-5_5
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