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Whether the Trust is Sign of Institute?

Whether the Trust is Sign of Institute?

Journal of Economic Regulation, , Vol. 9 (no. 3),

In economy speak about the importance of trust even more often, however the theoretical analysis of this category remains beyond the scope of economic science. Situation is proved in article, from a position of the institutional economic theory, that the trust is the integral sign of social institute, a part of the mechanism putting in action of the rule. That institutes have turned into the real operating social order of simple existence of norms and governed insufficiently. Recognition of this fact allows to form and estimate activity of institutes taking into account a trust factor. In article the trust is investigated in process of expansion of range at various economic schools and concepts. Unlike "the trust radius" of F. Fukuyama which is understood as a circle of people, the confidential relations entering uniform system, in article it is about "the trust range". To his simplest element – to expectations at neoclassics, institutsionalist have added the element resulting from social interaction – compliance to norms, rules and restrictions. However differences in methodology of initial (old) and new institutionalism generate features in establishment of the relations of trust. Commitment to the reproached habits, the general values in theories of old institutionalism or a conscious choice and a collective involvement in formation of rules at neoinstitutsionalist – what provides trust between economic agents? In article it is shown that both elements of the mechanism matter. The range of trust is wide: from simple waiting by isolated individuals of importance for them economic variables, through waiting of the honest behavior deprived of insidiousness and deception it reaches peak of the universal values focused in concepts a faith, hope and love. The mechanism putting in action of the rule in article is understood as the system of interdependent and interdependent forms and methods of maintenance of trust. In addition to sanctions which economists most often specify it includes the written and oral obligations, the constitutional, civil and moral standards which are guided by moral values. Only such mechanism of formation of institutes is capable to bring closer us to the social and economic system having a human appearance. The interdisciplinary researches of a problem of trust which in particular are on a joint of the economic theory and sociology are for this purpose necessary.

Keywords: trust range; social institutes; expectations; contracts; norms; rules; habits; values; transactional costs

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