Perry G. Mehrling


Perry G. Mehrling, Professor of Economics, joined the faculty of Barnard College in 1987, where he teaches courses on the economics of money and banking, the history of money and finance, and the financial dimensions of the U.S. retirement, health, and education systems. His most recent book is The New Lombard Street: How the Fed became the dealer of last resort (Princeton 2011). His best-known book Fischer Black and the Revolutionary Idea of Finance (Wiley 2005, 2012) has recently been released in a revised paperback edition. Currently, Prof. Mehrling directs the educational initiatives of the Institute for New Economic Thinking, one of which is his course Economics of Money and Banking, available on Coursera at

By this expert

-varn6-Can Bitcoin Replace the Dollar?

-varn7-Article | Oct 14, 2017 -varn13-

-varn14- Financial Globalization and its Cryptocurrency Discontents

-varn6-Monetary Policy in a Post-Crisis World: Beyond the Taylor Rule

-varn7-Article | Sep 9, 2016 -varn13-

-varn14- We know about emergency lending, but what we are missing is the macroeconomic framework to guide a new rule for stabilization policy

-varn6-Monetary Policy Family Reunion at Jackson Hole

-varn7-Article | Aug 31, 2016 -varn13-

-varn14- Like any family reunion, the Jackson Hole Economic Symposium may have been as significant for what was said as it was for what was not discussed

-varn6-Financialization and its Discontents

-varn7-Article | Aug 2, 2016 -varn13-

-varn14- Focusing on what money really is – whether gold or state fiat – shifts attention away from what credit really is, which is to say away from the center of discontent.

Featuring this expert

-varn6-Private Debt

-varn7-Event -varn8-Conference | Hosted by Private Debt Initiative | Apr 6–8, 2018 -varn13-

-varn14- With the support and partnership of the Governor’s Woods Foundation, the Institute for New Economic Thinking will convene top scholars for the Private Debt Initiative


From the Origins of Economic Ideas to the Challenges of Our Time

-varn7-Event -varn8-Conference #INET2017-varn12- | Oct 21–23, 2017 -varn13-

-varn14- INET gathered hundreds of new economic thinkers in Edinburgh to discuss the past, present, and future of the economics profession.

-varn6-The Next Generation of New Economic Thinkers

-varn7-Video | Mar 7, 2017 -varn13-

-varn14- Explore your curiosity in economics in an open and critical community.

-varn6-General Equilibrium Theory: Sound and Fury, Signifying Nothing?

-varn7-Article | Aug 16, 2016 -varn13-

-varn14- Does general equilibrium theory sufficiently enhance our understanding of the economic process to make the entire exercise worthwhile, if we consider that other forms of thinking may have been ‘crowded out’ as a result of its being the ‘dominant discourse’? What, in the end, have we really learned from it?