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-From Keynes to Lucas, and Beyond

-varn7-Article | Jun 6, 2016 -varn13-

-varn14- Book review: Michel De Vroey and the problems of macroeconomics

-varn6-Learning to think about shadow banking

-varn7-Article | May 30, 2016 -varn13-

-varn14- Why most economists did not see the 2008 crash coming

-varn6-Independence vs. Accountability in the Evolution of the Fed

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

-varn14- Peter Conti Brown’s new book explores and debunks a powerful meme shaping public understanding of the role of the Fed

-varn6-Shadow banking’s enduring perils

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

-varn14- Five lessons from the last crisis — for managing the next one

Featuring this expert

-varn6-What Causes Inequality? An Econophysics Approach

-varn7-Video | Oct 23, 2013 -varn13-

-varn14- In standard economics, inequality in outcomes is typically attributed to inequality of inputs, for example, from differences in education. Yakovenko thinks about inequality in a different way by extending some ideas from statistical physics.

-varn6-Where Do Preferences Come From?

-varn7-Video | Oct 1, 2013 -varn13-

-varn14- How does economic theory match up with reality?

-varn6-Making Finance Work for Innovation

-varn7-Video | Aug 12, 2013 -varn13-

-varn14- How can we get the financial sector back to serving its intended function?

-varn6-Playing with the History of Economics

-varn7-Video | Jun 10, 2013 -varn13-

-varn14- How to become a historian of economic thought? Members of the profession gather just once a year at the annual conference of the History of Economic Society but otherwise are dispersed in universities and archives all around the world.