Richard Sylla

Publications (Selected)

Books

The American Capital Market, 18461914 (New York: Arno Press, 1975).

Evolution of the American Economy: Growth, Welfare, and DecisionMaking (New York: Basic Books, 1980). Coauthors: Sidney Ratner and James H. Soltow. Second edition (New York: Macmillan, 1993).

A History of Interest Rates, 3rd ed. (New Brunswick, NJ: Rutgers University Press, 1991), Italian translation, 1994; 3rd ed. revised (1996); 4 th ed. (John Wiley & Sons, 2005); Korean translation, 2011. Co-author: Sidney Homer.

Patterns of European Industrialization: The Nineteenth Century (London: Routledge, 1991). Co-editor: Gianni Toniolo.

Anglo-American Financial Systems: Institutions and Markets in the Twentieth Century (Burr Ridge, IL: Irwin Professional Publishing, 1995). Co-editor: Michael D. Bordo

The State, the Financial System, and Economic Modernization (Cambridge: Cambridge University Press, 1999). Co-editors: Richard Tilly and Gabriel Tortella. Translated into Chinese and published in China, 2002.

History of Corporate Finance: Development of Anglo-American Securities Markets, Financial Practices, Theories and Laws (London: Pickering & Chatto, 2003), 6 vols. Robert E. Wright, ed., Richard Sylla, advisory ed. and author of preface, vol. 1, ix-xi. A compilation of classic historical works on corporate finance.

Founding Choices: American Economic Policy in the 1790s (Chicago: University of Chicago Press, 2011). Co-editor: Douglas A. Irwin.

Genealogy of American Finance (New York: Columbia Business School Press for Museum of American Finance, 2015). Co-author: Robert E. Wright

Alexander Hamilton: The Illustrated Biography (New York: Sterling, 2016).

Alexander Hamilton on Finance, Credit, and Debt (New York: Columbia Univ. Press, 2018). Co-author: David J. Cowen

Journal Articles & Book Chapters

Finance and Capital in the United States, 1850-1900; Journal of Economic History, (December 1967).

Forgotten Men of Money: Private Bankers in Early U.S. History; Journal of Economic History, 36 (March 1976).

Monetary Innovation and Crises in American Economic History; in Paul Wachtel, ed., Crises in the Economic and Financial Structure (Lexington MA: D.C. Heath, 1982).

The Autonomy of Monetary Authorities: The Case of the U.S. Federal Reserve System; in Gianni Toniolo, ed. Central Banks’ Independence in Historical Perspective (Berlin and New York: Walter de Gruyter, l988),l7-38.

Financial Market Panics and Volatility in the Long Run, 1830-1988; Eugene N. White, ed., Crashes and Panics: The Lessons of History (New York: Dow-Jones Irwin, 1990). Co-authors: J. W. Wilson and C. P. Jones. Reprinted in Michael Bordo, ed., Financial Crises (Cambridge: Edward Elgar, 1992).

“The Power of Central Banks and the Future of the Federal Reserve System,” Chapter 2 in Regulating Wall Street: The Dodd-Frank Act and the New Architecture of Global Finance, V. V. Archarya et al., eds, (Hoboken: Wiley, 2011), 35-50. With T. Cooley, K. Schoenholtz, G. D. Smith, and P. Wachtel.

“The Significance of Founding Choices: Editors’ Introduction”, in Founding Choices: American Economic Policy in the 1790s, Douglas Irwin and Richard Sylla, eds. (Chicago: University of Chicago Press, 2011), 1-21. With Douglas A. Irwin.

“Financial Foundations: Public Credit, the National Bank, and Securities Markets”, in Founding Choices: American Economic Policy in the 1790s, Douglas Irwin and Richard Sylla, eds. (Chicago: University of Chicago Press, 2011), 59-88.

“Corporate Governance and Stockholder/Stakeholder Activism in the United States, 1790-1860,” in Origins of Shareholder Advocacy, Jonathan Koppell, ed. (Basingstoke: Palgrave- Macmillan, 2011 forthcoming), 231-51. With Robert E. Wright.

“How Important Historically were Financial Systems for Growth in the U.K., U.S., Germany, and Japan?”, Working Paper for World Bank. Co-authors: Franklin Allen, Forest Capie, Caroline Fohlin, Hideaki Miyajima, Yishay Yafeh, and Geoffrey Wood.

“Alexander Hamilton and North American Banking”, in Biographies of the Financial World, Anders Perlinge and Hans Sjogren, eds. (Stockholm: Gidlunds Forlag, 2012),37-50.

“U.S. Government Debt Has Always Been Different”, in Is U.S. Government Debt Different?, Franklin Allen et al., eds. Philadelphia: FIP Press, 2012. Chap. 1, 1-11.

“Alexander Hamilton,” in Handbook of Key Global Financial Markets, Institutions, and Infrastructure, Gerard Caprio, ed. (Oxford: Elsevier Inc., 2013), Vol. 1, 151-59.

“Early U.S. Struggles with Fiscal Federalism: Lessons for Europe?”, Comparative Economic Studies 56 (2) (June 2014), 157-75.

“Early U.S. Economic Policy: Jefferson versus Hamilton (1790s-1816)” in Guide to U.S. Economic Policy, Robert E. Wright and Thomas W. Zeiler, eds., (Los Angeles: Sage-CQ Press, 2014), Chap. 1, pp. 7-18. Co-author: David J. Cowen.

“How the American Corporation Evolved Over Two Centuries”, Proceedings of the American Philosophical Society 158, 4 (Dec. 2014), 362-71.

Academic Positions

Professor Emeritus of Econoomics; Henry Kaufman Professor of the History of Financial Institutions and Markets (1990-2015), New York University.

Research Associate, National Bureau of Economic Research, 1983 .

Teaching Fellow in Economics and Social Studies, 1967-68, Harvard University.

Professor of Economics and Business, 1968-90; Associate head, Division of Economics and Business, 1987-89, North Carolina State University.

Visiting Assistant Professor of Economics, Harvard, Summer 1969.

Senior Associate Member, St. Antony’s College, Oxford University, UK, 1975-present (in residence 1975-76).

Editor, Journal of Economic History, 1978-1984.

Visiting Professor of Economics, University of Pennsylvania, Spring 1983.

Visiting Professor of Economics, University of North Carolina at Chapel Hill, Spring 1988

Professional Memberships & Offices

American Economic Association.

Southern Economic Association. Elected Vice President, 1982.

Economic History Association. Nominating Committee, 1970-71; Program Committee, 1973-74; Ex officio trustee, 1978-84. Elected trustee 1984-88. Elected Vice President, 1987-88. Investment Committee, 1990-95, 1999- . President-elect, 1999-2000. President, 2000-2001.

Economic History Society (UK).

Social Science History Association.

Business History Conference. Elected trustee, 1991-94, 2002-04. President-elect, 2004-05. President, 2005-06.

Cliometrics Society. Elected trustee, 1997-2000; elected chair of board of trustees, 1998-99, 1999-2000; Fellow, 2013.

European Economic History Association.

Trustee, Museum of American Finance (Smithsonian Affiliate), 2002- ; Vice Chairman of Board of Trustees, 2007-10; Chairman, 2010-2020 .

Member, Academic Advisory Board, European Association for Banking and Financial History, 2005-09.

Fellowships, Professional Awards, & Grants

Harvard College Honorary Scholarship, 1958-62.

Rotary International Scholarship, 1962-63.

Harvard Graduate Fellowship, 1963-65; Teaching Fellowship, 1964-68;

Economic History Fellowship, 1965-68.

Arthur H. Cole Prize, Economic History Association, 1970.

National Endowment for the Humanities, Fellowship for Independent Study and Research, 1975-76.

Mini Grant for Teaching Effectiveness, North Carolina State University, 1977.

ACLS Overseas Travel Grant, 1978 (United Kingdom), 1982 (Hungary).

National Endowment for the Humanities, Summer Research Fellowship, 1980.

National Bureau of Economic Research, research grants, 1982-present.

National Science Foundation grant, ‘Economics of State and Local Government...1790-1980’; 1985-87. (Administered by National Bureau of Economic Research; $132,840.)

National Science Foundation grant, ‘Economics of State and Local Government...1790'-1980’; 1987-89. (Administered by National Bureau of Economic Research; $140,000.)

National Science Foundation grant, ‘Economics of State and Local Government...1790-1980’; 1989-91. (Administered by National Bureau of Economic Research; $169,456.)

National Science Foundation grant, ‘Economics of State and Local Government...1790-1980’; 1991-94. (Administered by National Bureau of Economic Research; $232,609.)

Citibank Award for Excellence in Teaching, Stern School, NYU, May 1994.

Alfred P. Sloan Foundation grant, ‘Financial Innovation in U.S. History’; 1995-97. (Administered by National Bureau of Economic Research; $114,000.)

National Science Foundation grant, ‘America’s First Securities Markets, 1787-1836: Emergence, Development, Integration’; 1998-2002. (Administered by NBER; $182,246.)

Fellow, Charles Warren Center for Studies in American History, Harvard, 2003-04.

Berkley Center/Kauffman Foundation research grant, Stern, NYU, 2005-

NYU University Research Challenge Fund grant, 2006-06.

National Science Foundation grant, ‘U.S. Corporate Development, 1801-1860’; 2008-10. (Administered by National Bureau of Economic Research; $297,363.)

Lifetime Achievement Award, Business History Conference, March 2011.

Appointed member of Federal Reserve System’s Centennial Advisory Council, Fall 2011.

American Academy of Arts & Sciences, elected Fellow, 2012

Cliometric Society, elected Fellow, 2013.

Phi Beta Kappa, Visiting Scholar, 2015-2016.

Invited Academic Lectures & Seminars (Since 1975)

1975 - Oxford (All Souls College)

1976 - Oxford (St. Antony’ s College); London School of Economics and Political Science

1978 - Oxford (St. Antony’s College); Edinburgh (Seventh International Economic History Congress)

1980 - Columbia University

1981 - Northwestern University; University of Chicago; New York University

1982 - Budapest (Eighth International Economic History Congress); University of Mississippi; Rockefeller Archive, Pocantico Hills, NY

1983 - University of Pennsylvania; Rutgers University; North Carolina Central University; University of California Berkeley; Eleutherian Mills Historical Library; University of Rochester

1984 - Harvard University; Wake Forest University

1986 - Bern (Ninth International Economic History Congress); Yerevan, U.S.S.R. (History Section, Armenian Academy of Sciences)

1987 - National Bureau of Economic Research, Summer Institute; University of Illinois; Indiana University; University of Chicago

1988 - American University (Washington, D.C.); Reserve Bank of Australia (Sydney); Melbourne University (Australia); University of Auckland (New Zealand)

1989 - Clemson University; New York University

1991 - Columbia University; Jerome Levy Economics Institute, Bard College; Lehigh University; UCLA

1992 - Harvard Business School; Governors State University, Illinois

1993 - Jerome Levy Economics Institute, Bard College; Baruch College

1994 - World Bank, Washington, DC

1995 - NYU Japan Center Technical Symposium, Tokyo

1996 - Austrian Colloquium, NYU Economics Dept. (Arts & Sciences); University of Chicago

1997 - University of Munich, Germany (2); Free University of Berlin, Germany (2); University of San Andres, Argentina; University of Toronto (Cliometrics Conf.)

1998 - Harvard University; Indiana University; University of Illinois; Universidad Torcuato di Tella, Argentina; California Institute of Technology; Columbia University

1999 - London School of Economics

2000 - NYU (Berkley Center/Austrian Economics joint seminar); University of Maryland; CUNY-Graduate Center; The World Bank; Union College

2001 – Harvard Business School; UNC-Chapel Hill; IMF; University of the South, Sewanee

2002 – Federal Reserve Bank of New York; Harvard; University of Virginia; IMF; Harvard Business School

2003 – Bank of Japan; Nihon University, Tokyo; Yale University; Univ. of Oxford (Hicks Lecture); Stockholm School of Economics; University of Paris; Univ. Carlos III, Madrid; Univ. Carlos III, Madrid (Figuerola Lecture); Harvard (Warren Center)

2004 – Univ. of Arizona, Jan.; Harvard (Econ. History seminar); Harvard (Monetary Policy seminar); Johns Hopkins University; Humboldt University, Berlin; Harvard Business School; New-York Historical Society (The Bernard and Irene Schwartz Distinguished Speakers Series, six lectures on ‘Alexander Hamilton and the US Financial Revolution, 1789-1795’)

2005 – Stanford University; Ohio State University; China Europe International Business School (Shanghai)

2006 – University of Illinois; Northwestern University; Rutgers University; Utrecht University, Netherlands; Bank of Italy, Rome

2007 – University of Wisconsin, La Crosse

2008 – Columbia University; University of Venice; University of Geneva; North Carolina State University

2009 – Tel Aviv University; SUNY-Binghamton; New-York Historical Society; Barnard/Columbia University; Dartmouth College; Wichita State University

2010 – Washington University; Stockholm School of Economics; Financial University under the Government of the Russian Federation; Wichita State University

2011 – Ohio Wesleyan University

2012 – NBER DAE Summer Institute; United States Treasury

2013 – Dubrovnik Economics Conference, 6/11-14

2015 – Stetson University; College of William and Mary

2016 – Elmira College; Clemson University; Millsaps College; University of California, Davis; Illinois College; Oberlin College

Consulting

North Carolina Utilities Commission, 197173 (Cost of capital testimony, rate hearings)

Citibank (New York), 19791983 (Institutional development study)

WRALFM 101, 19801990 (Radio commentaries)

Chase Manhattan Bank (New York), 19831985 (Institutional development study)

South Street Seaport Museum (New York), 1990-96.

Warren, Gorham & Lamont, Inc., 1991-97 .

The Winthrop Group, 1994- .

Foundation for Teaching Economics, 1994-2004.

Sullivan & Cromwell, 1996

Fenwick & West and Mayer, Brown & Platt, 1996-97

Faulkner & Gray, 1997-2000

Ferrostaal, Inc., 2000

IMF, 2001-02

W.R. Berkley Corp., 2001

Swedish International Development Agency (SIDA), 2001

Fidelity Investment Mgmt., 2008

Oppenheimer Funds, 2008

Credit Suisse, 2008-09

Gilder Lehrman Institute of American History, 2010-

H Partners Management LP, 2012-