Lombard Street: A Description of the Money Market
by: Walter Bagehot

Hardcover. NY, Scribner, Armstrong and Co., 1st US, 1873, Book: Very Good, Dust Jacket: None, Hardcover, brick-red cloth stamped in gilt and black. 359 pages, publisher's ads in rear. First US edition with 1873 date on title page. Described by J. M. Keynes as "an undying classic", Lombard Street analyses the operation of the British financial system, focusing on the economic role of the Bank of England. Bagehot's recommendation that the Bank alter gold reserves based on economic cycles was highly influential, and the book was considered authoritative into the 20th century. Thre is mild rear to top and bottom of spine, corners bumped, otherwise clean and tight copy.