Get access

The Concept(s) of Trust in Late Modernity, the Relevance of Realist Social Theory

Authors

  • Barbara Colledge,

    1. Faculty of Business & Law, Leeds Metropolitan University, Leeds, United Kingdom
    Search for more papers by this author
    • Barbara Colledge is Dean of Quality, Leeds Metropolitan University, Ralph Tench is Professor of Communication Education, Public Relations and Communication, Leeds Metropolitan University, Jamie Morgan is Coordinator of the Association for Heterodox Economics, a Director of the World Economics Association (UK) and co-editor of Real World Economics Review, the world's largest subscription open source economics journal. Corresponding author e-mail: jamiea.morgan@hotmail.co.uk
  • Jamie Morgan,

    1. Faculty of Business & Law, Leeds Metropolitan University, Leeds, United Kingdom
    Search for more papers by this author
    • Barbara Colledge is Dean of Quality, Leeds Metropolitan University, Ralph Tench is Professor of Communication Education, Public Relations and Communication, Leeds Metropolitan University, Jamie Morgan is Coordinator of the Association for Heterodox Economics, a Director of the World Economics Association (UK) and co-editor of Real World Economics Review, the world's largest subscription open source economics journal. Corresponding author e-mail: jamiea.morgan@hotmail.co.uk
  • Ralph Tench

    1. Faculty of Business & Law, Leeds Metropolitan University, Leeds, United Kingdom
    Search for more papers by this author
    • Barbara Colledge is Dean of Quality, Leeds Metropolitan University, Ralph Tench is Professor of Communication Education, Public Relations and Communication, Leeds Metropolitan University, Jamie Morgan is Coordinator of the Association for Heterodox Economics, a Director of the World Economics Association (UK) and co-editor of Real World Economics Review, the world's largest subscription open source economics journal. Corresponding author e-mail: jamiea.morgan@hotmail.co.uk

Abstract

In this paper, we argue that trust is an important aspect of social reality, one that realist social theory has paid little attention to but which clearly resonates with a realist social ontology. Furthermore, the emergence of an interest in trust in specific subject fields such as organization theory indicates the growing significance of issues of trust as market liberalism has developed. As such, the emergence of an interest in trust provides support for Archer's characterisation of late modernity in The Reflexive Imperative (2012) as a period of heterogeneity and greater incongruity. Commenting on this provides an opportunity to discuss the issue of habit in relation to trust and also the importance of the analysis of integration as a means to explain problems of trust. The commentary draws on examples from finance.

Ancillary