Abstract
Starting with the difference between economic classical rationality and Keynesian irrationality, Padua tackles the issue of trust, analysing the five ‘trust beliefs’ and the concepts of institutional, systemic and interpersonal trust in relation to the irrational dynamics of the Animal Spirits. Between the constructs of trust and confidence, ‘rational trust’ becomes a calculation of probabilities linked to the notion of Keynesian expectations, conventional evaluation and unemployment. In this framework, the role of emotions is investigated within the perspective of the theories of ‘Behavioural Economics’. An analysis of how ‘trust in social systems’ has worked during the 2008 financial crisis is carried out and closes the chapter, with references to the social aspects of financial networks and the role of technology within the socio-financial network.Keywordsinstitutionalinterpersonal trustKeynesian conventionrationality-irrationalitysystemictrust and confidence
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
