(David Hume dismissed the social contract view as akin to saying that if I was drugged and smuggled about a ship, I still "implicitly consent" to being under the authority of the captain — something Hume found ridiculous).
Interpreting our findings as evidence for the nexus-of-contracts view of the firm, we discuss some implications for financial design and valuation.
Call this view of trustworthiness "the social contract view".
One worry about the social contract view is that it licenses vigilante punishment.
In the end, like the social contract view, the encapsulated interests view might describe only reliability, not trustworthiness.
Many philosophers would agree that the social contract view is only a partial account of what could motivate trustworthiness.
On the contract view, the traditionalist's sense that there is a "crisis" surrounding the family is unwarranted.
The social contract view and the encapsulated interests view are both instances of what Karen Jones calls "risk-assessment views" of trust or trustworthiness (1999, 68).
Only in Kant (1797) does it become clear that consent is not fundamental to a social contract view: we have a duty to agree to act according to the idea of the "original contract".
An alternative to the social contract view is a view according to which trustworthy people are motivated by their own interest to maintain the relationship they have with the trustor, which in turn encourages them to encapsulate the interests of that person in their own interests.
The situation can be improved by cultivating trust and enforcing the social contract view of trust[ 15- 17, 69].
