{"product_id":"lombard-street-a-description-of-the-money-market-wiley-investment-classics","title":"Lombard Street: A Description of the Money Market","description":"Lombard Street began as a series of articles by Walter Bagehot for The Economist; the book was first published in 1873. It offers a vivid description of the money market, weaving theory, historical anecdotes, and incisive commentary on sociology, politics, and the Street's personalities. Bagehot discusses the mechanics of deposit banking within a fractional-reserve system and the nature of foreign deposits in Britain. He explains why economic growth and rising living standards depend on a well‑managed financial system, and he outlines the function of lender-of-last-resort, the consequences of unchecked credit and speculation, and the interaction between the government’s fiscal operations, the Bank of England, and the money market. His crisis-management prescription has endured as a widely cited approach to containing financial crises. Descriptions of Lombard Street still ring true, and the book remains a classic investment text for readers today.","brand":"Thryft Singapore","offers":[{"title":"Like New","offer_id":50439283605785,"sku":"HG3000.L82.B3 1999","price":12.9,"currency_code":"SGD","in_stock":false},{"title":"Very Good","offer_id":50439283638553,"sku":"HG3000.L82.B3 1999","price":11.9,"currency_code":"SGD","in_stock":false},{"title":"Good","offer_id":50439283671321,"sku":"HG3000.L82.B3 1999","price":10.9,"currency_code":"SGD","in_stock":false},{"title":"Well Read","offer_id":50439283704089,"sku":"HG3000.L82.B3 1999","price":9.9,"currency_code":"SGD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0110\/0598\/4849\/files\/1015988_c45c8aab-8d86-491a-a904-cb605ce56e53.jpg?v=1784810797","url":"https:\/\/thryft.sbs\/products\/lombard-street-a-description-of-the-money-market-wiley-investment-classics","provider":"Thryft","version":"1.0","type":"link"}