Perry G. Mehrling


Perry G. Mehrling is professor of economics at Pardee School of Global Studies at Boston University. He was professor of economics at Barnard College in New York City for 30 years. There, he taught 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

Channeling Charles Kindleberger on Brexit

Article | Jul 5, 2016

The economic historian would have seen the British vote to leave the European Union as part of a larger drama of centralization versus pluralism

The Bank for International Settlements Looks Through the Financial Cycle

Article | Jun 28, 2016

The BIS offers a comprehensive picture of the state of the world economy, and of dysfunctional policies holding it back

In Memoriam, Jack Treynor

Article | Jun 20, 2016

Remarks at a memorial service for pioneering financial analyst Jack Treynor Memorial, MIT Chapel, June 19, 2016

Global Money: A Work in Progress

Article | Jun 12, 2016

A dollar-denominated global economy means the Fed is at once the bankers bank and government bank, as well as both U.S. central bank and global central bank — managing that hybrid is the challenge of our time

Featuring this expert

What Causes Inequality? An Econophysics Approach

Video | Oct 23, 2013

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.

Where Do Preferences Come From?

Video | Oct 1, 2013

How does economic theory match up with reality?

Making Finance Work for Innovation

Video | Aug 12, 2013

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

Playing with the History of Economics

Video | Jun 10, 2013

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.