Dorene Isenberg

Professor, Economics

Office: Economics, Duke Hall #209

Phone: 909/748-8566



Current Research and Academic interests 

I’m currently interested in the role that the Bank for International Settlements (BIS), the central banks’ bank, has been playing in initiating and implementing international financial regulations for national banks. In particular, I’m engaged in determining how import BIS’s Basel II has been in promoting the notion that market-based decision-making is the best type of risk assessment.

Description of Research

As a macroeconomist, my research interests address the intersection of finance and the operation of the macroeconomy. I’m particularly engaged in work that investigates how social/economic institutions produce or retard financial instability.

Courses Taught at Redlands

  • Principles of Macroeconomics
  • Intermediate Macroeconomics
  • Money and Banking
  • Economic Approaches to the Great Depression
  • Seeing the Great Depression Through Film
  • Financial Globalization

Degrees Held

  • A.B., Economics, San Diego State University, 1977
  • M.A., Economics, University of California-Riverside, 1982
  • Ph.D., Economics, University of California-Riverside, 1986

Previous Teaching Experience

  • Drew University, Madison, NJ, 1989-2003
  • University of Maine, Orono, ME, 1984-1988

Major Awards Received

  • Center for Global Partnership, Japan Foundation, 1998-1999
  • Jerome A. Levy Economics Institute Research Fellowship, 1988-1989

Significant Publications and Presentations

“Deregulation” in Philip Arestis and Malcolm Sawyer (eds.), A Handbook of Alternative Monetary Economics, Cheltenham, UK: Edward Elgar. 2006

“U.S. Financial Stability in a Globalizing Economy: Will Basel ll Provide It?” An invited presentation at the 14th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies, Jerome A. Levy Institute of Bard College, Annanadale-on-Hudson, NY. April 23-24, 200

 Dymski, Gary and Dorene Isenberg (eds). Seeking Shelter on the Pacific Rim: Financial Globalization, Social Change, and the Housing Market. Armonk, NY: ME Sharpe, 2002

“The Political Economy of Financial Reform: The Origins of the US Deregulation of 1980 and 1982" in Robert Pollin (ed.), Capitalism, Socialism, and Radical Political Economy: Festschrift in Honor of Howard Sherman. Aldershot: Edward Elgar Publishing Ltd. 2000

“Financial Globalization and Housing Policy: From ‘Golden Age’ Housing to ‘Global Age’ Insecurity” co-authored with Gary Dymski in Davidson, Paul and Jan Kregel (eds), Full Employment and Price Stability in a Global Economy. Aldershot: Edward Elgar Publishing Ltd. 1999

“The Political Economy of Monetary Policy on the Globalizing Road to EMU,” in Philip Arestis and Malcolm Sawyer (editors), Political Economy of Central Banking. Edward Elgar Press. 1998

“Post and New Keynesians: The Role of Asymmetric Information and Uncertainty in the Construction of Financial Institutions and Policy,” in Roy Rotheim, editor, Post and New Keynesians. London: Routledge.1998

“Social Efficiency and the ‘Market Revolution’ in US Housing Finance,” with Gary Dymski, in Shinya Imura, Takashi Nakahama, and Hiroshi Shibuya (eds), The Welfare State System in Japan and the United States, 171-206.Tokyo: Nihon Keizai Hyoron Sha, 1997 (in Japanese)

"Financial Fragility and the Great Depression: New Evidence on Credit Growth in the 1920s," in Gary Dymski and Robert Pollin (ed.) New Perspectives in Monetary Macroeconomics: Explorations in the Tradition of Hyman P. Minsky, Ann Arbor: University of Michigan Press, 1993

"Financial Instability: A Recession Simulation on the U.S. Corporate Structure." The Eastern Economic Journal, 17#2 (April-June 1991) pp.165-175

"The Financially Fragile Firm: Is There a Case for It in the 1920s?" British Review of Economic Issues, 11#25 (Summer 1989) pp.27-51

"Is There a Case for Minsky's Financial Fragility Hypothesis in the1920s?" Journal of Economic Issues, 22#4 (December 1988) pp.1045-1069

Professional Affiliations

  • Association for Evolutionary Economics
  • Union for Radical Economics
  • International Association for Feminist Economics


The Sustainable University of Redlands Farm (SURF) is a natural farm in its beginning stages, but already grows and sells fresh vegetables to Bon Appetit, the food management company on campus.

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