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Genuine, non-calculative trust with calculative antecedents: Reconsidering Williamson on trust

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  • Marc A. Cohen

Abstract

This short paper defends Oliver Williamson's claim that talk of trust is 'redundant at best and can be misleading' when trust is defined as a form of calculated risk (Williamson, O. E. [1993]. Calculativeness, trust, and economic organization. The Journal of Law and Economics, 36 , 453-486). And this paper accepts Williamson's claim that 'Calculative trust is a contradiction in terms'. But the present paper defends a conception of genuine, non-calculative trust that is compatible with calculative considerations and calculative antecedents. This conception of trust creates space for genuine (non-calculative) trust relationships in the economic order - in which calculative considerations and antecedents (most often) play an essential role.

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  • Marc A. Cohen, 2014. "Genuine, non-calculative trust with calculative antecedents: Reconsidering Williamson on trust," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 44-56, April.
    • Handle: RePEc:taf:jtrust:v:4:y:2014:i:1:p:44-56
    DOI: 10.1080/21515581.2014.891320
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    References listed on IDEAS

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    1. Ren� Reich-Graefe, 2014. "Calculative trust: Oxymoron or tautology?," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 66-82, April.
    2. Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-486, April.
    3. Harvey S. James, 2014. "You can have your trust and calculativeness, too: Uncertainty, trustworthiness and the Williamson thesis," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 57-65, April.
    4. Craswell, Richard, 1993. "On the Uses of "Trust": Comment [Calculativeness, Trust, and Economic Organization]," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 487-500, April.
    5. Morten Frederiksen, 2014. "Calculativeness and trust: A view from phenomenology," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 34-43, April.
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    Cited by:

    1. Peter Ping Li, 2017. "The time for transition: Future trust research," Journal of Trust Research, Taylor & Francis Journals, vol. 7(1), pages 1-14, January.
    2. Shichao Sun & Xin Ran & Xuanya Shi, 2023. "The Preference of Inter-Organizational Trust on Corporate Benefit-Seeking Behaviors: A Mechanisms-Based and Policy-Capturing Analysis," Sustainability, MDPI, vol. 15(15), pages 1-23, July.
    3. Lijun Angelia Chen & Bruno Varella Miranda & Joe L. Parcell & Chao Chen, 2019. "The foundations of institutional-based trust in farmers’ markets," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 36(3), pages 395-410, September.

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