Author: James Grant
Publisher: National Geographic Books
ISBN: 0393609197
Category : Biography & Autobiography
Languages : en
Pages : 0
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Book Description
The definitive biography of one of the most brilliant and influential financial minds—banker, essayist, and editor of the Economist. During the upheavals of 2007–09, the chairman of the Federal Reserve had the name of a Victorian icon on the tip of his tongue: Walter Bagehot. Banker, man of letters, inventor of the Treasury bill, and author of Lombard Street, the still-canonical guide to stopping a run on the banks, Bagehot prescribed the doctrines that—decades later—inspired the radical responses to the world’s worst financial crises. Born in the small market town of Langport, just after the Panic of 1825 swept across England, Bagehot followed in his father’s footsteps and took a position at the local family bank—but his influence on financial matters would soon spread far beyond the county of Somerset. Persuasive and precocious, he came to hold sway in political circles, making high-profile friends, including William Gladstone—and enemies, such as Lord Overstone and Benjamin Disraeli. As a prolific essayist on wide-ranging topics, Bagehot won the admiration of Matthew Arnold and Woodrow Wilson, and delighted in paradox. He was also a misogynist, and while he opposed slavery, he misjudged Abraham Lincoln and the Civil War. As editor of the Economist, he offered astute commentary on the financial issues of his day, and his name lives on in an eponymous weekly column. He has been called "the Greatest Victorian." In James Grant’s colorful and groundbreaking biography, Bagehot appears as both an ornament to his own age and a muse to our own. Drawing on a wealth of historical documents, correspondence, and publications, Grant paints a vivid portrait of the banker and his world.
Author: Frank Prochaska
Publisher: Yale University Press
ISBN: 0300195540
Category : Biography & Autobiography
Languages : en
Pages : 222
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Book Description
The spirited and measured memoir of Walter Bagehot, had he left one
Author: Walter Bagehot
Publisher:
ISBN:
Category : Constitutional history
Languages : en
Pages : 376
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Book Description
A classic study of the British constitution, paying special attention to how Parliament and the monarchy work. The author frequently draws comparisons with the American Constitution, being generally critical of the American system of government.
Author: Walter Bagehot
Publisher:
ISBN:
Category : English literature
Languages : en
Pages : 720
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Book Description
Author: Walter Bagehot
Publisher: New York ; London : G.P. Putnam's Sons
ISBN:
Category : Capital
Languages : en
Pages : 136
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Book Description
Author: Walter Bagehot
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 380
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Book Description
Author: Walter Bagehot
Publisher:
ISBN:
Category : Evolution
Languages : en
Pages : 276
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Book Description
Author: Perry Mehrling
Publisher: Princeton University Press
ISBN: 0691242208
Category : Business & Economics
Languages : en
Pages : 192
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Book Description
Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis—but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system. Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets—most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.
Author: Walter Bagehot
Publisher:
ISBN:
Category : English literature
Languages : en
Pages : 562
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Book Description
Author: Walter Bagehot
Publisher: Createspace Independent Publishing Platform
ISBN:
Category : History
Languages : en
Pages : 370
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Book Description
There is a great difficulty in the way of a writer who attempts to sketch a living Constitution-a Constitution that is in actual work and power. The difficulty is that the object is in constant change. An historical writer does not feel this difficulty: he deals only with the past; he can say definitely, the Constitution worked in such and such a manner in the year at which he begins, and in a manner in such and such respects different in the year at which he ends; he begins with a definite point of time and ends with one also. But a contemporary writer who tries to paint what is before him is puzzled and a perplexed: what he sees is changing daily. He must paint it as it stood at some one time, or else he will be putting side by side in his representations things which never were contemporaneous in reality.
