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Putnam, Robert D. (1995a), ‘Bowling Alone: America’s Declining Social Capital’, Journal of Democracy, 6 (1), 65–78. Putnam, Robert D. (1995b), ‘Tuning In, Tuning Out: The Strange Disappearance of Social Capital in America’, Political Science and Politics, 28 (4), 664–83. Rotter, Julian B. (1980), ‘Interpersonal Trust, Trustworthiness and Gullibility’, American Psychologist, 35, 1–7. htm. Schmid, Wilhelm (1998), Philosophie der Lebenskunst. Eine Grundlegung, Frankfurt am Main: Suhrkamp. Seligman, Adam (1997), The Problem of Trust, Princeton, NJ: Princeton University Press.

1991), Grundlagen der Sozialtheorie, München: Oldenbourg. Cornelssen, Inse (1991), Der Fall Japan: Kultur als Triebkraft wirtschaftlicher Entwicklung, Frankfurt am Main: Peter Lang. DiMaggio, Paul (1994), ‘Culture and Economy’, in Neil J. Smelser and Richard Swedberg (eds), The Handbook of Economic Sociology, Princeton, NJ: Princeton University Press. Endreß, Martin (2002), Vertrauen, Bielefeld: Transcript-Verlag. Erikson, Erik H. (1965), Childhood and Society, Harmondsworth: Penguin. Frambach, Hans (2003), ‘Concepts of Trust – Some Critical Comments’, paper presented at international conference ‘Trust and Entrepreneurial Behaviour in East and West European Economies – Concepts, Developments, Comparative Aspects’, 26–27 September, University of Bremen.

However, whereas personal trust can exist regardless of any formal institutions, the availability of institutional trust is highly dependent on the institutional structure of the society. Williamson (1993, p. 476) summarised the complex relations best, stating that ‘transactions that are viable in an institutional environment that provides strong safeguards may be nonviable in institutional environments that are weak’. In this context, we can assume differences in the trust-related institutional framework between transition countries in Eastern Europe and mature market economies in Western Europe, as well as differences in the roles personal, collective and institutional trust, respectively, play.

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