Lombard Street: A Description of the Money Market

Open Road Media
4
Free sample

Financial observer and journalist Walter Bagehot sheds light on the world of banking in his influential tract

Written in response to a nineteenth-century banking crisis in England, Walter Bagehot’s influential treatise was one of the first to clearly explain complex financial systems like international banking, currency, and corporate finance in clear and easy-to-understand language. Credit, Bagehot suggests, is based primarily on trust. When the banks lose the public’s trust, the entire system can collapse.
 
In Lombard Street, Bagehot—who was the editor in chief of the Economist—sets forth a series of proposals for the strengthening and survival of struggling financial institutions, such as allowing irresponsible banks to collapse and creating strong central banks to combat inflation. His insights are as relevant in today’s economic climate as they were when the book was first published in 1873.
 
This ebook has been professionally proofread to ensure accuracy and readability on all devices.
 
Read more

About the author

Walter Bagehot (1826–1877) was an English businessman and journalist. He founded the National Review in 1855 with Richard Holt Hutton before becoming editor in chief of the Economist, a post he held for seventeen years.
Read more
4.0
4 total
Loading...

Additional Information

Publisher
Open Road Media
Read more
Published on
Jun 30, 2015
Read more
Pages
149
Read more
ISBN
9781504017299
Read more
Language
English
Read more
Genres
Business & Economics / Banks & Banking
Business & Economics / Business Writing
Business & Economics / Corporate Finance / General
Read more
Content Protection
This content is DRM protected.
Read more
Read Aloud
Available on Android devices
Read more
Eligible for Family Library

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
'An ancient and ever-altering constitution is like an old man who still wears with attached fondness clothes in the fashion of his youth: what you see of him is the same; what you do not see is wholly altered.' Walter Bagehot's The English Constitution (1867) is the best account of the history and working of the British political system ever written. As arguments raged in mid-Victorian Britain about giving the working man the vote, and democracies overseas were pitched into despotism and civil war, Bagehot took a long, cool look at the 'dignified' and 'efficient' elements which made the English system the envy of the world. His analysis of the monarchy, the role of the prime minister and cabinet, and comparisons with the American presidential system are astute and timeless, and pertinent to current discussions surrounding devolution and electoral reform. Combining the wit and panache of a journalist with the wisdom of a man of letters steeped in evolutionary ideas and historical knowledge, Bagehot produced a book which is always thoughtful, often funny, and seldom dull. This edition reproduces Bagehot's original 1867 work in full, and introduces the reader to the dramatic political events that surrounded its publication. ABOUT THE SERIES: For over 100 years Oxford World's Classics has made available the widest range of literature from around the globe. Each affordable volume reflects Oxford's commitment to scholarship, providing the most accurate text plus a wealth of other valuable features, including expert introductions by leading authorities, helpful notes to clarify the text, up-to-date bibliographies for further study, and much more.
©2018 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google|Location: United StatesLanguage: English (United States)
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.