Trust
Forms, Foundations, Functions, Failures and Figures
Bibliographic Data
| ID | 9717476 |
|---|---|
| Authors | Paul Lewis (0000-0002-1459-3981, corresponding author), P A Lewis (0000-0003-1793-3520, Cambridge, Selwyn College) |
| Year | 2004 |
| Volume | 114 |
| Issue | 493 |
| Pages | F156-F158 |
| Publication date | 2004-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.0013-0133.2004.191_8.x |
| OpenAlex | W2036352463 |
| Language | EN |
| References cited | 4 |
This book provides an interesting and informative account of the nature, causes and consequences of trust. It is perhaps best thought of as an exercise in conceptual ground‐clearing, offering as it does a systematic delineation of the various aspects of that multidimensional phenomenon. Nooteboom begins by arguing that a prerequisite for understanding the nature and significance of trust is a recognition of the fact that we live in a world of radical uncertainty, that is, a world in which people are unable even to imagine all the possible consequences of their actions, let alone assign sharp numerical probabilities of the sort postulated by subjective expected utility theory. For Nooteboom, viewed under its epistemic aspect, trust is the belief that people will respond to unforeseen contingencies by acting in good faith, eschewing the instrumentally rational and opportunistic modes of conduct emphasised by rational choice theory and transactions cost economics in favour of actions which express their commitment to norms of fairness and reciprocity
Clearing · Economics · Epistemology · Faith · Law and economics · Phenomenon · Positive economics · Rational choice theory (criminology · Reciprocity (cultural anthropology · Sociology · Epistemology, Ethics, and Metaphysics · Philosophy · Philosophy and Theoretical Science · Psychology · Social Psychology
| Citation velocity | historical |
|---|---|
| Highly cited | No |