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' is a seminal work that delves into the inner workings of the financial system in the mid-19th century. Bagehot's writing style is both informative and engaging, providing readers with a detailed insight into the complexities of the money market. The book explores the role of the Bank of England, the issues of credit, and the mechanics of financial crises, offering valuable observations and analysis that remain relevant to this day in the context of modern finance and economics. Bagehot's literary style is characterized by intellect, clarity, and a deep understanding of the subject matter, making 'Lombard Street' an essential read for anyone interested in the history and dynamics of the financial world. Bagehot's background as a journalist and economist equipped him with the knowledge and expertise needed to undertake such a comprehensive study of the money market, and his insights continue to influence scholars and practitioners in the field. I highly recommend this book to readers who seek a profound understanding of the intricate workings of the financial system and its impact on 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.