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Methodological interactionism: Theory and application to the firm and to the building of trust

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  • Bart Nooteboom

Abstract

Recent insights from the “embodied cognition” perspective in cognitive science, supported by neural research, provide a basis for a “methodological interactionism” that transcends both the methodological individualism of economics and the methodological collectivism of (some) sociology and is consistent with insights from social psychology. It connects with a Mengerian exchange perspective and Hayekian view of dispersed knowledge from Austrian economics. It provides a basis for a new, unified social science that integrates elements from economics, sociology, social psychology, and cognitive science. This paper discusses the roots of this perspective, in theory of cognition and meaning, and illustrates its application in a summary of a social–cognitive theory of the firm and an analysis of processes by which trust is built up and broken down. Copyright Springer Science+Business Media, LLC 2007

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  • Bart Nooteboom, 2007. "Methodological interactionism: Theory and application to the firm and to the building of trust," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(2), pages 137-153, September.
    • Handle: RePEc:kap:revaec:v:20:y:2007:i:2:p:137-153
    DOI: 10.1007/s11138-007-0015-3
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    References listed on IDEAS

    as
    1. Frédérique Six, 2005. "The Trouble with Trust," Books, Edward Elgar Publishing, number 3778.
    2. Henk de Vos & Rudi Wielers, 2003. "Calculativeness, trust and the reciprocity complex: is the market the domain of cynicism?," Chapters, in: Bart Nooteboom & Frédérique Six (ed.), The Trust Process in Organizations, chapter 5, Edward Elgar Publishing.
    3. Siegwart Lindenberg, 2000. "It Takes Both Trust and Lack of Mistrust: The Workings of Cooperation and Relational Signaling in Contractual Relationships," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 4(1), pages 11-33, March.
    4. Nooteboom, B., 2006. "Human Nature in the Adaptation of Trust," Other publications TiSEM 6a7897e0-90c6-4c0f-88ed-2, Tilburg University, School of Economics and Management.
    5. Williamson, Oliver E, 1993. "Calculativeness, Trust, and Economic Organization," Journal of Law and Economics, University of Chicago Press, vol. 36(1), pages 453-486, April.
    6. Bart Nooteboom & Frédérique Six (ed.), 2003. "The Trust Process in Organizations," Books, Edward Elgar Publishing, number 2811.
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    Citations

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    Cited by:

    1. Guido Fioretti, 2002. "Individual Contacts, Collective Patterns - Prato 1975-97, a Story of Interactions," Tinbergen Institute Discussion Papers 02-109/3, Tinbergen Institute.
    2. Elodie Gardet & Caroline Danièle Mothe, 2011. "The dynamics of coordination in innovation networks," Post-Print hal-00919245, HAL.
    3. Emerson, Denise & Zhou, Wei & Piramuthu, Selwyn, 2009. "Goodwill, inventory penalty, and adaptive supply chain management," European Journal of Operational Research, Elsevier, vol. 199(1), pages 130-138, November.

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    More about this item

    Keywords

    Methodological interactioinism; Embodied cognition; Organizational culture; Trust; B4; D2; L2;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School

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