AbstractWalter Bagehot (1826–77), the influential political and economic essayist, wrote a number of books that became standards in their respective fields. He attended University College, London, where he studied mathematics and gained a master's degree in intellectual and moral philosophy. He was called to the bar, but instead chose a career in his father's banking business. He wrote widely on literature, economics and politics, co-founding the National Review in 1855. He became editor-in-chief of The Economist in 1860 and remained in that post until his death. This work, published originally in 1873 and described by J. M. Keynes as 'an undying classic', is a masterpiece of economics. It explains the world of finance and banking, concentrating on crisis management, and its ideas are as relevant today as ever, especially in the face of the global financial crisis that emerged in 2007.
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Bibliographic InfoThis book is provided by Cambridge University Press in its series Cambridge Books with number 9781108035811 and published in 2011.
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- A note on the lender of last resort
by Steve Cecchetti and Kim Schoenholtz in Money, Banking and Financial Markets on 2014-05-22 12:29:12
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