A Description of the Money Market.London : 1873 Stock Code: 133872
NotesFirst edition. Described by John Maynard Keynes as "an undying classic", Lombard Street analyses the operation of the British financial system, focusing on the economic role of the Bank of England. Bagehot's recommendation that the Bank alter gold reserves based on economic cycles was highly influential, and "the wonderful clearness of Bagehot's power of statement, his exact knowledge of the subject treated on, together with his firm grasp of economic theory, have caused this volume to exert an influence which few books on a subject naturally so dry have possessed" (Palgrave I, p. 81).
Octavo. Original brown cloth, recased, spine and covers lettered and ruled in gilt and black, dark green endpapers.
Minor pencilled annotations. Without the publisher's advertisements at rear. Very minor bumping to spine ends and tips, light splitting to hinges with some restoration but still firm, light creasing at corner of initial leaves, minor tape repair to final page. A good copy.
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