Fiona Maclachlan


Economics & Finance

Fiona Maclachlan joined the Manhattan College faculty in 1992.  She has taught a wide range of courses at the undergraduate and M.B.A. level, including the Global Economic Environment, Political Economy, Money and Banking, Financial Institutions Management, Corporate Finance, Futures and Options, and Business Statistics. She served as Department Chair from 2007-2011. She was Chair of the Task Force on Educational Programs for the 2001 Middle States Commission Self Study, and Chair of the Task Force on Resources and Planning for the 2011 Self Study. Her primary fields of research are the evolution of financial institutions, and the history of economic thought with a focus on methodology. Her work has appeared in numerous scholarly journals including the Journal of Economics Issues, Journal of Post Keynesian Economics, History of Political  Economy and Complex Systems. She is the author of Keynes’ General Theory of Interest: A Reconsideration published by Routledge.


Ph.D. in Economics, New York University

M.A. in Economics, Rutgers University, New Brunswick, New Jersey

B.A. in Economics, Queen's University, Kingston, Ontario

Courses Taught

  • ECON 201      Principles and Policies I: Macroeconomics
  • ECON 202      Principles and Policies II: Microeconomics
  • ECON 302      Intermediate Macroeconomics
  • ECON 305      Money and Banking

  • Publications and Scholarly Activities

    Recent Refereed Journal Articles and Book Chapters

    “Repurchase agreements and the law: how legislative changes fueled the housing bubble”, Journal of Economic Issues, 48:2, June 2014

    “Long-run and short-run cost curves,” & “Markowitz Mean Variance Diagram,”  in Famous Figures and Diagrams edited by Mark Blaug and Peter Lloyd, Edward Elgar, 2010

     “Random Division and the Size Distribution of Business Firms,”  Complex Systems, 18:2, 2009

    “Interactive Economic Models from the Wolfram Demonstrations Project” with W. J. Bolte and Seth Chandler, Journal of Economic Education, 40:1, 2009

    “The  Beaman Distribution: A New Descriptive Model for the Size Distribution of Incomes,” Journal of Income Distribution, 17:1, March 2008

    Other Recent Intellectual Contributions:

    “Repurchase agreements and the law: how legislative changes fueled the housing bubble” at the annual meeting of the Association for Evolutionary Economics, Philadelphia, PA; January 3-5, 2014

    “The Role of Securities Financing Arrangements in the Credit Structure” at the Paul Davidson Senior Scholars Interactive Session at the annual meeting of the Association for Evolutionary Economics, San Diego, CA; January 4-6, 2013

    “Independent Agents versus Central Banks: Endogenous Money and the Struggle for Control over Credit” with G. Nowell, at ICAPE Third International Research Conference, University of Massachusetts Amherst, November 11-13, 2011

    Contributions to Wolfram Demonstrations Project