John D. MacArthur Chair and
Professor of Sociology
Director, Buffett Center for International and Comparative Studies
Department of Sociology
1810 Chicago Avenue
Evanston, IL 60208-1330
Phone: (847) 467-1251
Office Hours: By appointment
Areas of Interest
Economy and Society
Sociology of Law
Sociology of Organizations
Professor Carruthers received his PhD at the University of Chicago in 1991. Areas of interest include comparative and historical sociology, economy and society, sociology of law and sociology of organizations. At Northwestern, Carruthers is involved in the graduate Comparative Historical Social Science (CHSS) program, and the undergraduate Business Institutions Program (BIP).
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, 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 Institute for Advanced Study in Berlin, 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).
SOCIOL 215: Economy and Society Syllabus
SOCIOL 302: Sociology of Complex Organizations Syllabus
SOCIOL 330: Law, Markets, and Globalization Syllabus
SOCIOL 331: Markets, Hierarchies, and Democracies
SOCIOL 335: Sociology of Decision Making Syllabus
SOCIOL 376: Special Topics: Law, Markets, & Global Economy Syllabus
SOCIOL 437: Economic Sociology Syllabus Syllabus
SOCIOL 439: Comparative & Historical Sociology Syllabus
Money and Credit: A Sociological Approach
Polity Press, 2010
Bankrupt: Global Lawmaking and Systemic Financial Crisis
Economy/Society: Markets, Meanings and Social Structure
Pine Forge Press, 2000
Accounting for Rationality: Double-Entry BookkeeAping and the Rhetoric of Economic Rationality
With Wendy Nelson Espeland; ASA, American Journal of Sociology, 1991
A Sociology of Bubbles
The Color of Money and the Nature of Value: Greenbacks and Gold in Postbellum America
With Sarah Babb; The American Journal of Sociology; The University of Chicago Press, 1996
The Social Structure of Liquidity: Flexibility, Markets, and States
With Arthur L. Stinchcombe; Theory and Society, 1999
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