Journal of Trust Research 4 (1):44-56 (2014)

Authors
Marc A. Cohen
Seattle University
Abstract
This short paper defends Oliver Williamson’s (1993) claim that talk of trust is ‘redundant at best and can be misleading’ when trust is defined as a form of calculated risk (p. 463). And this paper accepts Williamson’s claim that ‘Calculative trust is a contradiction in terms’ (p. 463). 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.
Keywords trust conceptualizations  calculative/economic relationships
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