Embedded social relations, not institutions, generate economic trust [causal]
Granovetter argues that social relations and the obligations inherent in them, rather than generalized morality (the oversocialized conception) or institutional arrangements like contracts or authority structures (the undersocialized conception), "are mainly responsible" for the production of trust in economic life (p. 491).
XREF: Connects to embeddedness literature and economic sociology, contrasting with institutional and rational-choice accounts of trust.
Shapiro, Susan P., The Social Control of Imper…, loc. 8