Perry G. Mehrling

Academic Council
Institute for New Economic Thinking

Perry Mehrling is a member of the Academic Council at the Institute for New Economic Thinking.

Mehrling has been a professor of economics at Barnard College since 1987. 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. He also has held visiting positions at the MIT Sloan School of Management and Boston University.

Mehrling is the author of The New Lombard Street: How the Fed Became the Dealer of Last Resort, which was published by Princeton University Press in 2011, and Fischer Black and the Revolutionary Idea of Finance, which was published by John Wiley & Sons in 2005 and reissued in a revised paperback edition in 2012.

Mehrling received a bachelor’s degree from Harvard University, a master’s degree from the London School of Economics, and a Ph.D. from Harvard University.

My Content

Here is a talk I gave recently at Wake Forest University.  It is pretty long, but you can page through the video (on the left) by paging through the powerpoint (on the right), and anyway the last twenty minutes are devoted to questions.  I couldn't figure out how to embed it in the blog, but the link will get you there.

When Paul Krugman paints John Maynard Keynes as a pioneering critic of dominant free-market economics, he exaggerates wildly, both about the rigidity of orthodoxy and about the pioneering character of Keynes’ critique.  So says Larry White in his book The Clash of Economic Ideas and, speaking as a sometime historian of economic thought, I am inclined to agree.   It's less black and white than Krugman makes it out to be.


The text below is the comment I offered on Mr. Soros' opening speech at INET's Berlin Conference April 12, 2012.  The text of Mr. Soros' own speech is here.  Video of the entire session is below--my bit starts at 55:00.



FT Alphaville has picked up on my friend James Sweeney's latest, and since James cites the latest writings by other friends Zoltan Pozsar, Manmohan Singh, as well as my own most recent, the piece reads like a discussant's comments on a shadow banking symposium.

Entangling alliances or entangling leagues are nothing to the entanglements of cash owingKeynes

The recent BIS Quarterly Review article "European Bank Funding and Deleveraging" takes a stab at connecting all the dots in the Eurocrisis.  It is only 12 pages, but with 8 (triple) graphs, there is a lot here to digest.  Let's take a stab.

My Video Content

See video

Perry Mehrling, Professor at Barnard College, Columbia University, reporting on the Economics Curriculum Task Force's progress at the Bretton Woods Conference on April 9, 2011.

See video

In this video, Perry Mehrling gives a visual introduction to his INET blog, titled "the Money View."

See video

The Inaugural Conference @ King's, Institute for New Economic Thinking, Session 1: Anatomy of Crisis The Living History of the Last 30 years: Economic Theory, Politics and Policy

See video

Professor Perry Mehrling speculates on how the shock of the recent Global Crisis will reverberate in intellectual circles for decades to come.

See video

Economists in previous eras were much more engaged with professionals working in the society and economy and so had a tendency to have theories more informed by actual practices.