Description: Click here to see our other books! Lombard Street: A Description of the Money Market Walter Bagehot 1873 Henry S. King & Co : London 8" by 5.5" viii [1], 2-359pp SUMMARY A handsome copy of the second edition of Walter Bagehot's seminal economic work, providing a comprehensive analysis of the British banking system. Early Edition,Publishers' Original Binding Overall Condition: Very Good Indeed This book weighs 0.75 KG when packed UK Postage: £ 3.99 US Postage: £ 19.99 EU Postage: £ 15.99 European Postage: £ 16.99 Asia Postage: £ 21.99 Worldwide Postage: £ 25.99 DESCRIPTION The very scarce second edition of this work, published in the same year as the first edition.Termed an 'undying classic' by Keynes, Bagehot's work was published in part as a reaction to the collapse of the Overend-Gurney bank, which caused widespread panic in England in the 1860s.The economist Sir Paul Tucker analysed the message of Bagehot's work as relaying the message that: 'to avert panic, central banks should lend early and freely (ie without limit), to solvent firms, against good collateral, and at ‘high rates’'.Bagehot's work lays out principles for the managing financial crises, including the need for prompt and decisive action by central banks, transparency in their operations, and the establishment of rules to guide their interventions.The second edition of a classic work of economic theory; Bagehot's recommendation that the Bank alter gold reserves based on economic cycles was highly influential. CONDITION In the publisher's original cloth binding. Front board exceptionally bright, with light tide mark to the tail of the rear board. A touch of discolouration to back strip, with bumping to spine head and tail, and minor losses to the cloth in these regions. Internally, firmly bound. Pages lightly age toned, with instances of spotting throughout, most concentrated to first and last few leaves. Overall Condition: Very Good Indeed GLOSSARY OF TERMS Overall Condition (Dustwrapper condition rating is shown after that for the book itself, where a dustwrapper is present) Fine - Very well preserved copy showing very little wear Very Good Indeed - Only one or two minor faults, really a very attractive copy Very Good - Quite a wide term meaning no major faults but probably several smaller ones often expected given the age of the book, but still a respectable copy Good - Meaning not very good. Some more serious faults as will be described in the condition report under 'condition' Good Only - Meaning one or more faults that could really do with repair Fair - As with good only above but with other faults leaving a compromised copy even after repair Poor - Really bad and possibly seriously incomplete. We only sell books in this condition where their rarity or value makes them attractive none the less. Major defects will be described. GUARANTEE We offer a full money back guarantee on our descriptions. Please ask for details and conditions. We prefer PAYPAL. If you pay via PAYPAL we will post the item off the same or the next working day with the postage you have selected. Please note we cannot accept USD cheques
Price: 3140.9 USD
Location: Bath
End Time: 2024-11-29T16:02:16.000Z
Shipping Cost: 0 USD
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Item Specifics
Restocking Fee: No
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Topic: Business and Economics
Publisher: Henry S. King & Co
Author: Walter Bagehot
Binding: Cloth
Subject: Economics
Special Attributes: None
Original/Facsimile: Original
Language: English
Region: London
Illustrator: None
Signed: No
Place of Publication: London
Year Printed: 1873
Country/Region of Manufacture: London
