The Political Economy of Trust
There has been a considerable rise in discourses concerning trust from a range of academic disciplines and perspectives. Unfortunately, many of these literatures have talked past, rather than to, each other. This paper develops an analysis of trust in economic activity through a dialogue between the...
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Published in | Journal of management studies Vol. 37; no. 1; p. no |
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Main Author | |
Format | Journal Article |
Language | English |
Published |
Oxford, UK and Boston, USA
Blackwell Publishers Ltd
01.01.2000
Blackwell Publishing Ltd |
Subjects | |
Online Access | Get full text |
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Summary: | There has been a considerable rise in discourses concerning trust from a range of academic disciplines and perspectives. Unfortunately, many of these literatures have talked past, rather than to, each other. This paper develops an analysis of trust in economic activity through a dialogue between the disciplines of economics and sociology. It outlines the relationship of trust to economic co–operation and identifies a number of types of trust. The potential benefits of these different types of trust to advanced capitalist economies are identified. Consideration is given to the processes of trust creation and destruction in market economies. Particular emphasis here is on how far trust can be symbiotic with, or contradictory to, power and the market. With an analysis of the key properties of individual agents which make them more or less prone to trusting behaviour, the paper is then able to identify the critical factors likely to underlie high–trust and low–trust economies. This has important public policy implications given the potential benefits which trust can have for advanced economies. |
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Bibliography: | istex:48CC0F452A3A7C17C955A4983F7CD9A4304B2CF6 ArticleID:JOMS170 ark:/67375/WNG-PNV72NW2-L ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23 |
ISSN: | 0022-2380 1467-6486 |
DOI: | 10.1111/1467-6486.00170 |