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Walter Bagehot, Lombard Street: A Description of the Money Market [1873]

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Title Page
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Original Table of Contents or First Page

Edition used:

Walter Bagehot, Lombard Street: A description of the Money Market (London: Henry S. King, 1873). Third Edition. http://oll.libertyfund.org/titles/128

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About this Title:

When Walter Bagehot wrote Lombard Street: A Description of the Money Market, in 1873, he did the unthinkable: In language as fresh and clear today as it was over 100 years ago, he respectfully dissected the Bank of England’s foundations, economic incentives, goals, and functions. In the process, he illuminated in a mere few hundred brilliant pages what distinguishes a Central Bank from a commercial bank, both on a daily basis and during crises such as bank panics and recessions. Bagehot’s book was so readable and so remarkable that it was re-issued three times within a year, and was republished in many editions both during his lifetime and afterwards.

Another copy of this book can be found in HTML format at our sister website Econlib.

Copyright information:

The text is in the public domain.

Fair use statement:

This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.

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