![]() It explains the world of banking and finance, particularly financial crisis management. It is a masterpiece of economics, described by J. Central bankers and finance ministers such as Alan Greenspan and Robert Rubin in the U.S., along with leading IMF officials should each sleep with a copy under his or her pillow" (Charles P. Lombard Street, first published in 1873, is more than ever timely in the age of Asian financial flu, Long-Term Capital Management, problems in Russia, Brazil, and on the horizon elsewhere. "Walter Bagehot was a great economist and a great writer-though there is a question as to which was the greater. Though similar in many ways to its American counterpart, this "unequalled fund of floating money" nevertheless possesses a character all its own, the essence of which was brilliantly captured more than a century ago in Lombard Street. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. ![]() The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market. In very good condition, contemporary bookplate to the pastedown. In Lombard Street, the money market is pictured as it really was in 1850-1870, and as Bagehot saw it with philosophic eyes. First edition of this "undying classic" (J.M. Buy a copy of Lombard Street a Description of the Money Market book by Walter Bagehot. ![]()
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