Uncertainty, power and trust

Uncertainty, power and trust This paper suggests that personal trust is best understood as a discursively constructed social relation that arises when interaction between people is governed by the norm of reciprocity (according to which one good turn deserves another and that people should treat others as they themselves would like to be treated). It is argued that trust enables people to deal with their ignorance of the future and so act in a purposeful, goal-driven fashion even in the face of radical uncertainty. However, where there are imbalances of access to economic and cultural resources and to positions of authority, there may arise an imbalance of reciprocity, so that what appear to be relations of genuine trust may in fact be no more than a façade of trust that conceals a relationship of domination. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

Uncertainty, power and trust

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Publisher
Springer Journals
Copyright
Copyright © 2007 by Springer Science+Business Media, LLC
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/s11138-007-0038-9
Publisher site
See Article on Publisher Site

Abstract

This paper suggests that personal trust is best understood as a discursively constructed social relation that arises when interaction between people is governed by the norm of reciprocity (according to which one good turn deserves another and that people should treat others as they themselves would like to be treated). It is argued that trust enables people to deal with their ignorance of the future and so act in a purposeful, goal-driven fashion even in the face of radical uncertainty. However, where there are imbalances of access to economic and cultural resources and to positions of authority, there may arise an imbalance of reciprocity, so that what appear to be relations of genuine trust may in fact be no more than a façade of trust that conceals a relationship of domination.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Jan 31, 2008

References

  • Of norms, rules and markets: A comment on Samuels
    Beaulier, S.; Boettke, P. J.

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