Trust, Paul Zak the rate of poverty and wealth is directly related to the trust we have between each other. Trust is the big gun ecomonist are looking for, it is the one variable that captures if things are going good or bad. It is trust in other people that traslates into how well our govenment will work
All desicions are economic, should you marry girl a or girl b, should I have one or two children, fundamentally all economics is about evaluating desicions.
In societies wher trust is high then we have quicker and functional trans actions.