Lombard Street: A Description of the Money Market.

"Life is a compromise of what your ego wants to do, what experience tells you to do, and what your nerves let you do": First Edition of Walter Bagehot’s Classic work Lombard Street

Lombard Street: A Description of the Money Market.

BAGEHOT, Walter.

$1,350.00

Item Number: 58995

New York: Scribner, Armstrong and Co, 1873.

First edition of this “undying classic” (J.M. Keynes). Octavo, original cloth. In very good condition. First editions are scarce.

The English precursor to Wall Street, London's Lombard Street is the original district of finance and the birthplace of the money market. Fast-paced and highly-charged, it is a hotbed of financial activity whose impact is felt not just nationally, but globally. 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. "Walter Bagehot was a great economist and a great writer-though there is a question as to which was the greater. 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. 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. Kindleberger). It is a masterpiece of economics, described by J. M. Keynes as 'an undying classic'. It explains the world of banking and finance, particularly financial crisis management.

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If you are interested in an item from one of our catalogues or our website and would like more information before ordering it, please give us a call; one of our salespeople will be happy to speak with you and answer any questions that you might have. For some items, we can also email digital photographs.

All of our items are guaranteed as described and are shipped on approval. We accept MasterCard, Visa, American Express, Discover, checks and wire transfer. For first-time buyers, we prefer a credit card and we will only ship to the billing address on the card. We do ask that if you are not satisfied with the item, you contact us by phone as quickly as possible and return the item within ten days.

We ship worldwide and all packages will be sent via UPS or Federal Express unless another carrier is requested. Next-day or second-day air service is available upon request. Shipping and insurance charges are additional.