Mary Tone Rodgers

Classes taught

Fall 2026
MBA 502 - Principles of Economics
MBA 543 - Investment Analysis/Port Manag
 

Completing her MBA at the Kellogg School at Northwestern University in Evanston IL in 1981, Mary worked at Merrill Lynch Pierce Fenner & Smith in a variety of capacities for 30 years before completing her doctorate at Pace University in New York City in 2011. In her subsequent academic career, Mary has earned awards for both teaching and research: the SUNY Chancellor’s Award for Excellence in Teaching in 2022 and the Hansen Jones Award for Outstanding Book in Economic History from the Economic History Association in 2026. A CFA Charter holder, she holds a Chandler Research Travel Fellowship in Business History at Harvard Business School and has presented her work on historical financial crises at the National Bureau of Economic Research, the Federal Reserve, Oxford University, and many other universities at home and abroad. Mary's work has been published in the Review of Financial Economics, Journal of Economic History, Research in Economic History, Essays in Economic and Business History and other peer-reviewed academic journals. In 2019-2020, she served as Guest Editor for Review of Financial Economics, Special Edition on “Patterns in Post-Financial Crisis Periods.” Her award-winning book, co-authored with Jon Moen, titled "Before the Fed: J. P. Morgan, America's Lender of Last Resort" was published late in 2025 by Cambridge University Press. 

She serves as Director and Board Treasurer of 1891 Financial, headquartered in Chicago, and Chairs the Investment Committee for the Economic History Association’s endowment.

Publications 

Books and Peer-Reviewed Journal Articles

Moen, Jon and Mary Tone Rodgers, Before the Fed: J. P. Morgan, America’s Lender of Last Resort, Cambridge University Press, 2025.

Moen, Jon R. and Mary Tone Rodgers, “How J. P. Morgan Picked the Winners and Losers in the Panic of 1907: An Exploration of the Individual over the Institution as Lender of Last Resort,” (2022) Essays in Economic & Business History, 40: 156-187.

Rodgers, Mary T. and Payne, James E. “Post-Crisis Changes in Financial System Structure: An Examination of the J. P. Morgan & Co. Syndicates after the 1907 Panic,” (2020) Review of Financial Economics, Special Edition on Patterns in Post-Financial Crisis Periods, 38: 226-241

Rodgers, Mary T. and Payne, James E.  “Monetary Policy and the Copper Price Bust: A Reassessment of the Causes of the 1907 Panic,” (2018) Research in Economic History, 99-133, Emerald Publishing Limited.

Rodgers, Mary T. “German Immigrants and J. P. Morgan’s Securities’ Underwriting Syndicates from 1879 through 1918,” (2015), Immigrant Entrepreneurship: The German Experience in America, The German Historical Institute, Washington DC.

Rodgers, Mary T. and Payne, James E., (2014). “How the Bank of France changed US equity expectations and ended the Panic of 1907,” The Journal of Economic History, 74 (2), 420-448.

Rodgers, Mary T. and Wilson, B. K., (2011). “Systemic risk, missing gold flows and the Panic of 1907,” Quarterly Journal of Austrian Economics, 14 (2), 158-187.

Book Reviews

Mark Carlson. The Young Fed: The Banking Crises of the 1920s and the Making of a Lender of Last Resort. University of Chicago Press, 2025, by Mary Tone Rodgers for The Independent Review A Journal of Political Economy, Vol. 31 No. 2, published Fall 2026

Harold James, Seven Crashes: The Economic Crises That Shaped Globalization. New Haven: Yale University Press, 2023, by Mary Tone Rodgers for EH.net, published May 2025, and many other book reviews prior to 2025.

Awards and Honors

Alice Hansen Jones Biennial Prize for Outstanding Book on North American Economic History, Before the Fed: J. P. Morgan, America’s Lender of Last Resort, with Jon Moen, 2026, by the Economic History Association

SUNY Chancellor’s Award for Excellence in Teaching 2022

New York State Joint Labor-Management Committee’s Individual Development Awards in 2023 and 2025, supporting research activities at archives and conferences resulting in publication of her book, "Before the Fed: J. P. Morgan, America's Lender of Last Resort," co-authored with Jon Moen, Cambridge University Publishers, 2025. 

Outstanding Professorship, SUNY-Oswego Residence Hall Association 2019

Open-SUNY Award for Online Teaching Excellence, 2016

President's Award for Excellence in Academic Advisement 2015