The Economy of Promises: Trust, Power, and Credit in America
Bruce G. Carruthers is the John D. MacArthur Professor of Sociology at Northwestern University and a long-term Fellow at the Swedish Collegium for Advanced Study. At Northwestern, Carruthers is involved in the graduate Comparative Historical Social Science (CHSS) program and the Kellogg-Sociology Joint-PhD program.
His current research projects include a study of the historical evolution of credit as a problem in the sociology of trust, regulatory arbitrage, what modern derivatives markets reveal about the relationship between law and capitalism, the adoption of “for-profit” features by U.S. museums, and the regulation of credit for poor people in early 20th-century America. He has had visiting fellowships at the Russell Sage Foundation, the Radcliffe Institute for Advanced Study, the Wissenschaftskolleg zu Berlin, the Library of Congress, and the Swedish Collegium for Advanced Study, and received a John Simon Guggenheim Fellowship. He is methodologically agnostic, and does not believe that the qualitative/quantitative distinction is worth fighting over. Northwestern is Carruthers’ first teaching position.
Carruthers has authored or co-authored five books, City of Capital: Politics and Markets in the English Financial Revolution (Princeton, 1996), Rescuing Business: The Making of Corporate Bankruptcy Law in England and the United States (Oxford, 1998), Economy/Society: Markets, Meanings and Social Structure (Pine Forge Press, 2000), Bankrupt: Global Lawmaking and Systemic Financial Crisis (Stanford, 2009), and Money and Credit: A Sociological Approach (Polity Press, 2010).