IDEAS home Printed from https://ideas.repec.org/a/taf/jtrust/v4y2014i1p44-56.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/21515581.2014.891320
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/21515581.2014.891320?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    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. Morten Frederiksen, 2014. "Calculativeness and trust: A view from phenomenology," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 34-43, April.
    3. 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.
    4. 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.
    5. 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.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lucien Karpik, 2014. "Trust: Reality or illusion? A critical examination of Williamson," Journal of Trust Research, Taylor & Francis Journals, vol. 4(1), pages 22-33, April.
    2. Marie-Laure Cabon-Dhersin & Shyama V. Ramani, 2007. "Opportunism, Trust and Cooperation," Rationality and Society, , vol. 19(2), pages 203-228, May.
    3. Erik Rietschoten & Koen Bommel, 2023. "A Critique of Utilitarian Trust: The Case of the Dutch Insurance Sector," Journal of Business Ethics, Springer, vol. 183(4), pages 1011-1028, April.
    4. Teck-Hua Ho & Keith Weigelt, 2005. "Trust among Strangers," Game Theory and Information 0504006, University Library of Munich, Germany.
    5. Harvey James, 2002. "The Trust Paradox: A Survey of Economic Inquiries Into the Nature of Trust and Trustworthiness," Microeconomics 0202001, University Library of Munich, Germany.
    6. James Jr., Harvey S., 2002. "The trust paradox: a survey of economic inquiries into the nature of trust and trustworthiness," Journal of Economic Behavior & Organization, Elsevier, vol. 47(3), pages 291-307, March.
    7. Ramon Casadesus-Masanell & Tarun Khanna, 2003. "Globalization and Trust: Theory and Evidence from Cooperatives," William Davidson Institute Working Papers Series wp592, William Davidson Institute at the University of Michigan.
    8. 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.
    9. Bönte, Werner, 2008. "Inter-firm trust in buyer-supplier relations: Are knowledge spillovers and geographical proximity relevant?," Journal of Economic Behavior & Organization, Elsevier, vol. 67(3-4), pages 855-870, September.
    10. Juan P Mendoza & Jacco L Wielhouwer, 2015. "Only the Carrot, Not the Stick: Incorporating Trust into the Enforcement of Regulation," PLOS ONE, Public Library of Science, vol. 10(2), pages 1-18, February.
    11. Anne Corcos & Yorgos Rizopoulos, 2011. "Is prosocial behavior egocentric? The “invisible hand” of emotions," Post-Print halshs-01968213, HAL.
    12. Shi, Wei & Tang, Yinuo, 2015. "Cultural similarity as in-group favoritism: The impact of religious and ethnic similarities on alliance formation and announcement returns," Journal of Corporate Finance, Elsevier, vol. 34(C), pages 32-46.
    13. Hamilton-Hart, Natasha & Stringer, Christina, 2016. "Upgrading and exploitation in the fishing industry: Contributions of value chain analysis," Marine Policy, Elsevier, vol. 63(C), pages 166-171.
    14. Tony Simons, 2002. "Behavioral Integrity: The Perceived Alignment Between Managers' Words and Deeds as a Research Focus," Organization Science, INFORMS, vol. 13(1), pages 18-35, February.
    15. Ajzenman, Nicolás & Aksoy, Cevat Giray & Guriev, Sergei, 2022. "Exposure to transit migration: Public attitudes and entrepreneurship," Journal of Development Economics, Elsevier, vol. 158(C).
    16. Wang, Chun-Ju & Wu, Lei-Yu, 2012. "Team member commitments and start-up competitiveness," Journal of Business Research, Elsevier, vol. 65(5), pages 708-715.
    17. Xiao Li & Jeffrey Ng & Walid Saffar, 2021. "Financial Reporting and Trade Credit: Evidence from Mandatory IFRS Adoption," Contemporary Accounting Research, John Wiley & Sons, vol. 38(1), pages 96-128, March.
    18. Paul L. Robertson, 2006. "Transaction Costs, Trust, and the Structuring of Markets," Discussion Papers Series 342, School of Economics, University of Queensland, Australia.
    19. Krug, B. & Hendrischke, H., 2006. "Framing China: Transformation and Institutional Change," ERIM Report Series Research in Management ERS-2006-025-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    20. Klein Woolthuis, R. & Nooteboom, B., 2002. "Trust and Formal Control in interorganizational Relationships," ERIM Report Series Research in Management ERS-2002-13-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jtrust:v:4:y:2014:i:1:p:44-56. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RJTR20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.