Description: Lombard Street A Description of the Money Market Walter Bagehot 1873 First Edition With Mrs. Walter Bagehot signature tipped inside. A very good copy with some wear to the spine ends, a scrape on the rear cover and a stain on the top edge of the text block. Previous owners name inside the front cover. Short tear on the edge of four pages. Tight hinges and clean pages. When Walter Bagehot wrote Lombard Street: A Description of the Money Market, in 1873, he did the unthinkable. In language as fresh and clear today as it was over 100 years ago, he respectfully dissected the Bank of England’s foundations, economic incentives, goals, and functions. In the process, he illuminated in a mere few hundred brilliant pages what distinguishes a Central Bank from a commercial bank, both on a daily basis and during crises such as bank panics and recessions.The constitutions of most national Central Banks were reinvented and forever changed as a consequence. The U.S. Federal Reserve, founded in late 1913, and the Central Bank of Central Banks, the International Monetary Fund (IMF) have ever since been influenced by the enduring independent thought and extraordinary clarity provided by Bagehot in his famous treatise. That is why John M. Keynes described Bagehot's book as 'an undying classic'. Please view my other listings. Thank you!
Price: 1500 USD
Location: Missouri City, Texas
End Time: 2024-12-18T19:16:30.000Z
Shipping Cost: 4.95 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
Binding: Hardcover
Special Attributes: 1st Edition, Signed
