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Lombard Street - A Description of the Money Market (Paperback)
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Lombard Street - A Description of the Money Market (Paperback)
Series: Cambridge Library Collection - British and Irish History, 19th Century
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Walter Bagehot (1826-77), the influential political and economic
essayist, wrote a number of books that became standards in their
respective fields. He attended University College, London, where he
studied mathematics and gained a master's degree in intellectual
and moral philosophy. He was called to the bar, but instead chose a
career in his father's banking business. He wrote widely on
literature, economics and politics, co-founding the National Review
in 1855. He became editor-in-chief of The Economist in 1860 and
remained in that post until his death. This work, published
originally in 1873 and described by J. M. Keynes as 'an undying
classic', is a masterpiece of economics. It explains the world of
finance and banking, concentrating on crisis management, and its
ideas are as relevant today as ever, especially in the face of the
global financial crisis that emerged in 2007.
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