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Trust in Transactions by Prasanta Ray and Rukmini Sen

Trust in Transactions

by Prasanta Ray and Rukmini Sen
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Book cover type: Hardcover
  • ISBN13: 9789352876259
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: Orient Blackswan Pvt Ltd
  • Publisher Imprint: Orient Blackswan Pvt Ltd
  • Publication Date:
  • Pages: 348
  • Original Price: INR 1840.0
  • Language: English
  • Edition: N/A
  • Item Weight: 506 grams
  • BISAC Subject(s): Economics / General

Trust, the foundation of cooperative living, is an important part of all social relationships. There is no site—institutions, organisations, nation-states—where relationships can be sustained without trust.

In India, trust has currently become an important issue. Citizens are concerned about the trustworthiness of policies and practices that lie at the intersection of governance and economy.

Transactions are at the centre of all economic activities, conducted by a variety of economic actors. Hence, trust is a vital facilitator of transaction. Trust is seen here as relational trust, trust developed from and sustained by relationships between the trusting and the trusted.

Beginning with an overview of trust analysis across disciplines, the chapters analyse a range of transaction spaces and stakeholders engaged in making, sustaining and reconfiguring trust. The spaces include:

  • factories and financial institutions;
  • homes, neighbourhoods and streets, where trust is a critical variable in some economic transactions taking place.

The different players and stakeholders in these transactions of trust include:

  • organised labour,
  • migrant workers,
  • self-help/neighbourhood groups,
  • domestic workers and caregivers, and
  • street children.

The authors have used multiple research techniques in order to locate and analyse the appropriate data. This is the first social science text to address the critical issue of trust in transactions.

Prasanta Ray is Professor Emeritus in Sociology, Presidency University, Kolkata, and Member, Calcutta Research Group.

Rukmini Sen is Professor, School of Liberal Studies, Ambedkar University Delhi, New Delhi.

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