 TrustDonatella Padua
Chapter 2 in John Maynard Keynes and the Economy of Trust: The Relevance of the Keynesian Social Thought in a Global Society, 2014, pp 33-62 from Palgrave Macmillan Abstract: Abstract Starting with the difference between economic classical rationality and Keynesian irrationality, Padua tackles the issue of trust, analysing the five ‘trust beliefs’ and the concepts of institutional, systemic and interpersonal trust in relation to the irrational dynamics of the Animal Spirits. Between the constructs of trust and confidence, ‘rational trust’ becomes a calculation of probabilities linked to the notion of Keynesian expectations, conventional evaluation and unemployment. In this framework, the role of emotions is investigated within the perspective of the theories of ‘Behavioural Economics’. An analysis of how ‘trust in social systems’ has worked during the 2008 financial crisis is carried out and closes the chapter, with references to the social aspects of financial networks and the role of technology within the socio-financial network. Keywords: institutional; interpersonal trust; Keynesian convention; rationality-irrationality; systemic; trust and confidence (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_3 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.