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BAGEHOT, Walter.

Lombard Street, a Description of the Money Market.

Seventh edition.

London: C. Kegan Paul & Co., 1878 Stock Code: 140910
£175.00
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Later edition of Bagehot's Lombard Street, originally published in 1873. Described by J. M. 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 book was considered authoritative into the 20th century. "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).

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Description

Octavo. Publisher's pebble grained cloth, spine and covers ruled in black and gilt, lettered gilt.

Condition

Engraved armorial bookplate to front pastedown. Spine slightly soiled, short snag to head of spine and rear board, inner hinges cracking but still very firm; a very good copy.

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