About the Paper
We have made the case that social capital is typically embedded in relationships characterized by high trust. So trust is a product of a relationship. But it can also be a product of an institution, for example, a citizen trusting in a reputable government agency despite having no relationship with that institution. In this paper, Bart Nooteboom takes a deeper look at the relationship between social capital, institutions and trust. Specifically, he discusses the differences between social capital and institutions, breaks down the features of trust and the process by which it is built, and draws conclusions for economic development policies.
Nooteboom, Bart. “Social Capital, Institutions and Trust.” Review of Social Economy, vol. 65, no. 1, 2007, pp. 29–53.