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Richard E. Sylla

Richard E. Sylla

Joined Stern 1990

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 8-65
New York, NY 10012

E-mail rsylla@stern.nyu.edu
Personal website

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Richard Sylla is the Henry Kaufman Professor of the History of Financial Institutions and Markets and a professor of economics at New York University Stern School of Business. He teaches courses in financial history, economic and business history of the United States, and comparative enterprise systems.

Professor Sylla has been with NYU Stern since 1990. His primary areas of research include historical studies of money, banking, and finance. He is the author of several books, including The American Capital Market and A History of Interest Rates. His writing has appeared in numerous publications, including the Journal of Economic History, Explorations in Economic History, Business History Review, and Enterprise & Society. He is also on the editorial board of many journals that include the Financial History Review, Enterprise and Society, and Economic and Financial History Abstracts. Professor Sylla has also been the recipient of several awards and grants including National Science Foundation grants, an Alfred P. Sloan Foundation grant and the Citibank Award for Excellence in Teaching at the Stern School. He served as President of the Economic History Association and the Business History Conference, and is currently the Chairman of the Museum of American Finance. He is a Fellow of the Cliometric Society and the American Academy of Arts and Sciences.

Prior to joining Stern, Professor Sylla taught at North Carolina State and the University of Pennsylvania among others. Professor Sylla received his bachelor of arts from Harvard University before studying at the Indian Statistical Institute at Calcutta. He then received both his master of arts and his doctorate of philosophy from Harvard University.

Research Interests

  • Historical studies of money, banking and finance

Courses Taught

  • Development of Financial Institutions and Markets
  • Economic and Business History of the US
  • Global Perspectives on Enterprise Systems

Academic Background

Ph.D., Economics, 1969
Harvard University

M.A., Economics, 1965
Harvard University

B.A., Economics, 1962
Harvard University

Awards & Appointments

Business History Conference Lifetime Achievement Award 2011

Related Research

Prof. Richard Sylla's new book, "Genealogy of American Finance," is featured

Prof. Richard Sylla on the evolution of the Dow's 30 stocks

Prof. Richard Sylla discusses the Nasdaq's recent 15-year high

Prof. Richard Sylla on the Nasdaq's recent 15-year high

Prof. Richard Sylla on plans to turn 23 Wall Street into an entertainment complex

Prof. Richard Sylla's book, "A History of Interest Rates," is cited

Prof. Richard Sylla on how two companies have topped the Inc. 5000 list twice

Prof. Richard Sylla on a Swiss proposal calling for the central bank to purchase gold

Prof. Richard Sylla discusses corporate morality and his paper on the shareholder vs. stakeholder model, co-authored with Prof. Ralph Gomory

Prof. Richard Sylla on Yahoo's stake in Alibaba

Prof. Richard Sylla on anticipated Federal Reserve interest rate hikes

Professor Richard Sylla's views on the "shareholder value" model and his co-authored paper with Prof. Ralph Gomory are highlighted

Prof. Richard Sylla on how financial markets have changed since The Wall Street Journal's founding

Prof. Richard Sylla on the history of IPOs in the United States

Prof. Richard Sylla's research on America's first bank bailout is cited

Prof. Richard Sylla on recent patterns in the stock market

Prof. Richard Sylla on the recent growth in the stock market

Prof. Richard Sylla on Ben Bernanke's career after the Fed

Prof. Richard Sylla on Janet Yellen's appointment to the Federal Reserve

Prof. Richard Sylla shares the best investment advice he's received

Areas of Expertise


  • Economic History
  • Economic Indicators
  • Emerging Markets
  • Federal Reserve Bank/Central bank
  • Globalization & Trade
  • Interest Rates
  • Monetary Policy
  • Political Economy


  • Entrepreneurship