The Economics of Trust, Norms and Networks

10 Pages Posted: 13 Dec 2003

See all articles by Michael G. Pollitt

Michael G. Pollitt

University of Cambridge - Judge Business School

Abstract

The theme of this paper is that trust, norms and networks are critical contributors to social capital, itself a critical determinant of economic growth. Numerous factors have contributed in recent years to the decline of social capital, restraining business and national competitiveness. It is in the interests and part of the responsibility of business to address this issue; this provides an economic imperative - complementary to the ethical imperative - for business to take socially responsible governance seriously.

Suggested Citation

Pollitt, Michael G., The Economics of Trust, Norms and Networks. Business Ethics: A European Review, Vol. 11, pp. 119-128, 2002. Available at SSRN: https://ssrn.com/abstract=312077

Michael G. Pollitt (Contact Author)

University of Cambridge - Judge Business School ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom
+44 (0) 1223 339615 (Phone)
+44 (0) 1223 339701 (Fax)

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