Walter Bagehot

Lombard Street: A Description of the Money Market (eBook, ePUB)

Unraveling the Intricacies of the Financial System: Insights from 'Lombard Street'

• Format: ePub

Produktbeschreibung

Walter Bagehot's 'Lombard Street: A Description of the Money Market' provides a profound analysis of the London money market, delving into its various mechanisms and influences. Written in 1873, this seminal work employs a lucid, engaging prose style that marries rigorous economic theory with practical observation. Bagehot expertly examines the intricate relationships between banks, stock exchanges, and the overall economy, contextualizing his insights within the broader financial landscape of the Victorian era, which was marked by rapid industrialization and emerging economic theories. Bagehot, a noted economist, journalist, and editor of 'The Economist', drew upon his extensive experience in financial journalism and analysis to craft this insightful exploration. His position within society, coupled with his intellectual curiosity, enabled him to distill complex financial concepts into accessible language. Bagehot's keen observations on monetary policy and credit have resonated through time, influencing generations of economists and policymakers. For readers seeking a foundational understanding of modern finance, 'Lombard Street' is indispensable. Bagehot'Äôs astute observations and analytical prowess not only illuminate the intricacies of 19th-century monetary policy but also offer compelling lessons for contemporary economic discourse. This work is a must-read for anyone interested in the dynamics of finance and its critical role in shaping society.

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Produktdetails

• Verlag: Good Press
• Seitenzahl: 247
• Erscheinungstermin: 19. November 2019
• Englisch
• ISBN-13: 4057664103475
• Artikelnr.: 58436717

Autorenporträt

Walter Bagehot (1826-1877) was an esteemed British journalist, economist, and editor who made significant contributions to the fields of politics, economics, and literature during the 19th century. Bagehot was the third editor of 'The Economist', a position through which he gained considerable influence in British public life. Born in Langport, Somerset, he was educated at University College London and pursued a career in banking before turning his attention to writing. His unique ability to articulate complex financial matters in accessible prose is epitomized in his seminal work, 'Lombard Street: A Description of the Money Market' (1873), which remains a foundational text in the understanding of the functioning of financial institutions and the money market. This book is considered a classic in economic literature, providing shrewd observations on the banking system and crisis management still relevant today. Bagehot is also known for his works on the English constitution and political system, showcasing his expansive intellectual range. His literary style combines practical insights with a clear analytical approach, reflecting his belief in the importance of both empirical evidence and theoretical frameworks. His contributions have left an enduring legacy in both economic thought and journalism, with the annual 'Bagehot Lecture' delivered in his honor by prominent figures in finance and politics.