The Trust Revolution: How the Digitization of Trust Will Revolutionize Business and Government

Description

While conventional wisdom dictates that people's trust - in the government, in corporations, in each other - is at a historic low, the rise of the Internet is offering new ways to rehabilitate and strengthen trust. Uber is probably the best example of a new company that, on the surface, allows individuals with smartphones to get rides with strangers, but at a deeper level is in the business of trust. In The Trust Revolution, M. Todd Henderson and Salen Churi trace the history of innovation and trust, linking companies such as Uber with medieval guilds, early corporations, self-regulatory organizations, and New-Deal era administrative agencies. This book should be read by anyone who wants to understand how trust - and its means of creation - has the potential not only to expand opportunities for human cooperation, but also to reduce the size and scope of government and corporate control over our lives.

M. Todd Henderson is Michael J. Marks Professor of Law at the University of Chicago. He has written dozens of articles and books on law and regulation. He serves as an advisor to several start-up companies and a venture capital fund. Henderson has worked as an engineer, a law clerk, an appellate lawyer, and a management consultant. Salen Churi is founder and partner at Trust Ventures, a venture capital fund that invests in and supports startups operating in heavily-regulated industries. Previously, he was a professor at the University of Chicago Law School. Prior to teaching, he worked as a corporate attorney at Kirkland & Ellis and Sidley Austin.

'How are technologies reshaping trust? How is Uber a model for how new markets will 'eat the world'? The Trust Revolution is the best book I've read on the trust and tech revolution that is reshaping America.' Tyler Cowen, George Mason University and author of The Complacent Class 'A true masterpiece - this book whacks you in the face to show that every transaction you can imagine involves an element of trust. Trust me, you won't put it down.' John List, University of Chicago and author of The Why Axis 'Henderson and Churi show how the evolution of trust has been integral to human civilization and how, as trust undergoes a revolution, it is rewriting the rules for everything from government and finance to healthcare, entertainment, and transportation. Required reading for anybody trying to understand the next few decades.' Joe Lonsdale, Founding Partner, 8VC 'A lively and engaging book on one of the most important topics in the world today. Highly recommended!' Cass R. Sunstein, author of How Change Happens