September 2004 Archives

"Where large sums of money are concerned, it is advisable to trust nobody"

-Agatha Christie


In 1958 the American social psychologist, Merton Deutsch, described trust as a set of actions that increase one's vulnerability to the actions of another (Deutsch 1958).

These days, definitions focus more on the significance of trust for the proper economic and social function of modern society. Trust is seen as a set of logical expectations shared by all those involved in an economic exchange (Zucker 1986:50); it is a cultural resource that acts as a lubricant for economic growth, innovation, and is a precondition for successful technological change (Volken 2002).

Note: The views and observations expressed on this web site are published for the sake of public discussion and do not represent my personal opinion or the opinion of my companies, clients, and/or employers. If you would like to get my opinion on anything, ask me.

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