Lombard Street: A Description of the Money Market

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 exchange...