"Lombard Street: A Description of the Money Market" by Walter Bagehot is an exploration of London's financial hub in the 1800s. Eschewing abstract discussions, the author brings to light the real workings of the money market, showing how it channels funds between rural savers and urban industries as it evolved in Lombard Street. Rather than rehashing familiar debates, this book frames Lombard Street as a powerful bank controlled by a few men, but delicate machine, driving England's global economic leadership with its innovative loan-fund.
Lombard Street: A Description of the Money Market
By Walter Bagehot
Discover how a single street in London held the keys to a powerful banking system and a country's prosperity.
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2003-08-01
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About the AuthorWalter Bagehot was an English journalist, businessman, and essayist, who wrote extensively about government, economics, literature and race. He is known for co-founding the National Review in 1855, and for his works The English Constitution and Lombard Street: A Description of the Money Market (1873).
Walter Bagehot was an English journalist, businessman, and essayist, who wrote extensively about government, economics, literature and race. He is known for co-founding the National Review in 1855, and for his works The English Constitution and Lombard Street: A Description of the Money Market (1873).
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