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Books > Business & Economics > Economics
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Lombard Street - A Description of the Money Market (Hardcover)
Loot Price: R840
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Lombard Street - A Description of the Money Market (Hardcover)
Series: Cosimo Classics Economics
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Much of what we consider modern economics is the work of British
journalist and economist Walter Bagehot, one of the first editors
of the influential newspaper The Economist and an early proponent
of business cycles. Here, he develops his theory of central
banking, much of which continues to impact financial thinking
today. First published in 1873, this replica of the updated 1910
edition explores the history of London's Lombard Street, from how
it came to be the traditional home of banks and moneylenders to how
the value of money was determined by the institutions there. Joint
stocks, private banking, and the regulation of the banking reserve:
Bagehot's discussion of these fundamental economic issues makes
this a vital resource for anyone wishing to understand financial
history. WALTER BAGEHOT (1826-1877) also wrote The English
Constitution (1867), Physics and Politics (1872), and The
Postulates of English Political Economy (1885), among other works.
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