DEFINING THE MODERN CENTRAL BANK. BAGEHOT, WALTER. 1826-1877. Lombard Street: A Description of t...

DEFINING THE MODERN CENTRAL BANK. BAGEHOT, WALTER. 1826-1877. Lombard Street: A Description of the Money Market. London: Henry S. King & Co, 1873. 8vo. Publisher's reddish-brown cloth, decorated in black and gilt, minor wear to corners and spine ends, front hinge started, custom cloth clamshell case. Provenance: R.E. Bartlett (engraved bookplate to paste-down); Hon. Stanley C. Wisniewski (pencil inscription). FIRST EDITION OF BAGEHOT'S 'UNDYING CLASSIC' ON MACROECONOMICS, REDEFINING THE METHOD OF THE CENTRAL BANK. On publication it 'had great influence and several of its recommendations ultimately were adopted; it was regarded as authoritative well into the twentieth century, and it made a significant contribution to the theory of central banking' (ODNB). Still read and revered today, Bagehot's classic work remains enormously influential in economic theory. For further information on this lot please visit Bonhams.com For further information about this lot please visit the lot listing