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Lombard Street
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Lombard Street Paperback - 2001

by Bagehot, Walter


From the publisher

Book Excerpt: ...oney Market, the source of all good according to some, and the source of all harm according to others, the extreme irritation excited by an opinion on it would be no reason for not giving a free opinion. A writer on any subject must not neglect its cardinal fact, for fear that others may abuse him. But, in my judgment, the Act of 1844 is only a subordinate matter in the Money Market; what has to be said on it has been said at disproportionate length; the phenomena connected with it have been magnified into greater relative importance than they at all deserve. We must never forget that a quarter of a century has passed since 1844, a period singularly remarkable for its material progress, and almost marvellous in its banking development. Even, therefore, if the facts so much referred to in 1844 had the importance then ascribed to them, and I believe that in some respects they were even then overstated, there would be nothing surprising in finding that in a new world new phenomena had arisen which now are larger..

Details

  • Title Lombard Street
  • Author Bagehot, Walter
  • Binding Paperback
  • Publisher IndyPublish.com
  • Date October 2001
  • ISBN 9781404315051
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Lombard Street (A Description of the Money Market)
Stock Photo: Cover May Be Different

Lombard Street (A Description of the Money Market)

by Walter Bagehot

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Description:
IndyPublish, 2002-05-14. Paperback. Used:Good.
Item Price
$36.24
FREE shipping to USA