Professor of Economics

Member, The Committee on Global Thought

Perry Mehrling shadow

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, Professor 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

Papers, video links, blog posts, syllabi can all be found on his website,


Curriculum Vitae

Select Publications

  • “The Revolution in Finance and the Development of Macroeconomics.” In conference volume, edited by P. F. Asso and L. Fiorito, 2006.
  • “Mr. Woodford and the Challenge of Finance.” Journal of the History of Economic Thought, 2006.
  • Fischer Black and The Revolutionary Idea of Finance. Hoboken, NJ: John Wiley and Sons, 2005.
  • “What would Fischer Say?” Financial Engineering News (November/December 2005)
  • “Whither Macro?” The American Economist 47 No. 1 (Spring 2003). Revised version published in Michael Szenberg, ed. Shifting Paradigms, New Directions in Economics, Cambridge University Press, 2004.
  • Money and Growth: Selected Essays of Allyn Young (with Roger Sandilands). London: Routledge, 1999.The Money Interest and the Public Interest: American Monetary Thought, 1920-1970. Harvard Economic Studies #162. Cambridge: Harvard University Press, 1997.
  • Debt, Crisis, and Recovery: The 1930s and the 1990s (with Albert G. Hart). Columbia University Seminar Series. Armonk, NY: ME Sharpe, 1995.