Seminar - The Economy of Promises: Trust and Credit in the United States of America
- Date: –13:00
- Location: SCAS, Thunbergssalen, Linneanum Thunbergssalen, Linneanum, Thunbergsvägen 2, Uppsala
- Lecturer: Bruce G. Carruthers, Fellow, SCAS. John D. MacArthur Professor of Sociology, Northwestern University, Evanston, IL
- Organiser: Swedish Collegium for Advanced Study (SCAS)
- Contact person: Sandra Rekanovic
"Modern market economies depend on credit and on the ability of lenders to assess the creditworthiness of borrowers and the credibility of their promises. Whom to trust is the key question. Focusing on 19th and 20th-century U.S., I examine changes in how this question has been posed, and answered.This period is marked by a general shift from small-scale social network-based qualitative assessments of personal character to large-scale quantitative evaluations of financial histories and characteristics. I highlight the informational infrastructure that made such changes possible, as well as its spread to other countries."