A classic of the 19th century, ‘Lombard Street’ describes the workings of the markets, international finance and central banks with a lucidity and insight that still dazzles. As Peter L. Bernstein, author of ‘Against the Gods’, puts it: ‘Walter Bagehot invented crisis management; after nearly 150 years, his wise words are still the prescription of choice for containing financial crises as well as a handbook for avoiding them.’
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Lombard Street: The classic book on the money market and the Bank of England
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Walter Bagehot (1826-1877) was a British journalist who wrote at length about economics, government and literature. He studied mathematics and philosophy at University College London, and was called to the bar by Lincoln’s Inn. However, he settled on a life of writing, founding the National Review in 1855 and later becoming editor-in-chief of The Economist (founded by his father-in-law in 1860).
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