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

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Economics in Uncertain Times

Article | Nov 2, 2011

My first TV chat show performance:

Euro Summit Statement Explained

Article | Oct 27, 2011

Okay, so here is the statement, but what does it mean? Felix Salmon offers an unnamed advisor’s flowchart. Let’s see if Money View thinking can do better.

Margin Call--"Mama there's wolves in the house"

Article | Oct 23, 2011

Jack Bauer comes to Wall Street, in the person of Sam Rogers, played by Kevin Spacey.

Making Markets

Article | Oct 17, 2011

Plumbing Matters

Featuring this expert

Why Economics Needs History

Video | Jul 10, 2011

What challenges will China have to surmount in order to make its currency a true international currency?

How Investors Use Stories to Tame Uncertainty

Video | Jul 4, 2011

If you want to understand how fund managers choose a portfolio, why not ask them?

Microfoundations for the Vision of Minsky

Video | Jun 12, 2011

Delli Gatti starts where his dissertation advisor, Hyman Minsky, left off.

Perry Mehrling: The New Lombard Street

Video | Apr 26, 2011

An Interview with the Author of “The New Lombard Street: How the Fed Became the Dealer of Last Resort”