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Perry G. Mehrling

Involvement

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 www.coursera.org/course/money.


By this expert

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

Article | Sep 9, 2016

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

Monetary Policy Family Reunion at Jackson Hole

Article | Aug 31, 2016

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

Financialization and its Discontents

Article | Aug 2, 2016

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.

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

Featuring this expert

Young Scholars Initiative: The Next Generation of New Economic Thinkers

Video | Mar 7, 2017

Explore your curiosity in economics in an open and critical community. To join our community, begin by creating a member profile on our new Young Scholars Directory, then join one of our working groups that conforms most closely to your interests. 

General Equilibrium Theory: Sound and Fury, Signifying Nothing?

Article | Aug 16, 2016

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?

Demystifying Modern Monetary Theory (Sample)

Video | Mar 19, 2015

Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

Inequality and the Current Account

Video | Feb 17, 2014

Institute for New Economic Thinking grantees Christian Belabed and Thomas Theobald and their co-authors have revived this old theory as a hypothesis to explain the apparent statistical link between rising income inequality and current account deficits.