Commerce requires liberty, contract security, trust, and justice

Related

• Trust reduces transaction costs the way lubricant reduces friction (similarity 0.87)
• Trust grows out of the specific relationship between the parties (similarity 0.86)
• Social stability must never come at the cost of necessary change or social justice (similarity 0.84)
• Trust relationships must be built gradually through small steps because of environmental contingency. (similarity 0.84)
• Trust is merely evidence-based expectation while trustworthiness is motivational (similarity 0.83)
• Deceitful trust, once established, obliges its user into genuine trustworthiness (similarity 0.83)
• Trust cannot be paired with obligation as promises are (similarity 0.83)
• Trusting values depend crucially on the information each party holds (similarity 0.83)
• Hegemony must be won before power is seized, not merely imposed by force after (similarity 0.83)
• Trust necessarily stays moored in expectations and interests (similarity 0.82)
• Economic success built on coercion may collapse when rule liberalizes (similarity 0.82)
• Trust and trustworthiness are asymmetrical because only trusting carries significant risk of exploitation (similarity 0.82)
• Commerce depends on trust more than any other activity does. (similarity 0.82)
• Smith saw market interdependence as replacing fragile trust with self-reinforcing mutual interest. (similarity 0.82)
• Cooperation can operate independently of trust (similarity 0.82)