TRUST, TRADE, AND MORAL PROGRESS: HOW MARKET EXCHANGE PROMOTES TRUSTWORTHINESS. Issue 2 (21st December 2017)

• Record Type: Journal Article
• Authors: Anomaly, Jonathan
• Is Part Of: Social philosophy and policy. Volume 34:Issue 2(2017)
• Page Start: 89
• Page End: 107
• Publication Date: 2017-12-21
• Subjects: trust, -- trustworthiness, -- trade, -- markets, -- moral progress; Social policy -- Periodicals; Social sciences -- Philosophy -- Periodicals; 303.01
• DOI: 10.1017/S026505251700022X
• Languages: English
• ISSNs: 0265-0525

Abstract

Abstract: Trust is important for a variety of social relationships. Trust facilitates trade, which increases prosperity and induces us to interact with people of different backgrounds on terms that benefit all parties. Trade promotes trustworthiness, which enables us to form meaningful as well as mutually beneficial relationships. In what follows, I argue that when we erect institutions that enhance trust and reward people who are worthy of trust, we create the conditions for a certain kind of moral progress.