 IntroductionDonatella Padua
A chapter in John Maynard Keynes and the Economy of Trust: The Relevance of the Keynesian Social Thought in a Global Society, 2014, pp 1-5 from Palgrave Macmillan Abstract: Abstract Why does trust collapse during crises and when does it become, instead, a driving force of social and economic change? How may trust become a chief motive of growth recovery by building value? By applying the sociological components of trust to the social thought of John Maynard Keynes, Padua tackles topics as rationality and irrationality, individualism, values, government, growth and development, coordinating them with the current global issues of equality and redistribution, techno-finance and social capital. While trust impacts on the relationship between risk, uncertainty and security, the original concept ‘Nominal Economy’ explains the rise of the new strong powers. Under a Keynesian perspective, only focused interventions of ‘Economy of Trust’ may positively build value as social capital, channelling trust towards institutional bodies responsible for institutional trustworthiness. Keywords: development; Economy of Trust; equality; irrationality; John Maynard Keynes; Nominal Economy; rationality; techno-finance; trust generates value (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46723-2_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.