Jamal Awil

← The Social Control of Impersonal Trust

People reduce agency risk by limiting delegation and self-sufficiency. [causal]

Principals cope with these potential risks and uncertainties in a number of ways. Some avoid or limit their participation in agency relationships. A proverbial few keep their money in mattresses-, literally and figuratively-fearful of futures transactions and cautious about transforming their tangible property into a symbolic share of collectivized wealth. Some forgo the benefits of a rich division of labor, delegating little responsibility or property to others and becoming jacks-of-all-trades. Others develop selected expertise to reduce their reliance on agents-becoming lay doctors, mechanics, financial planners, "jailhouse lawyers," and art experts (Molino 1984)-or, at least, seek out second opinions.

Shapiro, Susan P., The Social Control of Imper…, loc. 35