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Trust (Critical Studies in Economic Institutions series) - Hardcover

 
9781840647372: Trust (Critical Studies in Economic Institutions series)
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Trust is an authoritative collection of previously published articles and is unique in the growing literature on trustworthiness. The broad ranging articles are organized into three parts, expressing three definite answers to the question posed in the introduction: Why does trustworthiness pay? Part I, `Trust as Strategy', stipulates that trust is an investment in reputation. Part II, `Trust as Taste', argues that agents have a preference for trustworthiness, which may explain the anomaly of trustworthiness in single-shot games. Part III, `Trust as Trait', maintains that trust is a trait that evolutionary selection may favor. In his extensive introductory essay, Elias Khalil elaborates and contrasts the strengths and weaknesses of each answer. Including over 35 articles from diverse disciplines such as economics, sociology, political science, anthropology, philosophy, psychology, evolutionary biology, and organizational studies, Trust will be a valuable reference for many years to come.

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‘It is big, diverse and, through its organization coherent. This truly is an encyclopedia of trust research. . . warmly recommended.’ Author: D.J. Bezemer, Journal of Socio-Economics

‘This is a splendid collection of leading papers on a topic which properly is getting increasing attention.’ Author: Howard Margolis, University of Chicago, US

‘This is an excellent, comprehensive collection of essays on a subject of great importance – trust is a pervasive indispensable element of social cooperation, yet difficult to fit into the conventional categories of economic analysis. This book, with its fine introduction by the editor, anchors the subject and will be the starting point for further research into it.’ Author: Richard A. Posner, United States Court of Appeals for the Seventh Circuit and University of Chicago Law School, US
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Edited by Elias L. Khalil, Associate Professor, Monash University, Australia

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