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In Lombard Street, the money market is pictured as it really was in 1850-1870 and as Bagehot saw it with philosophic eyes.

Though published in 1867 when the British Empire was approaching its height, Walter Bagehot’s essay "The English Constitution" is not only one of the great political classics but is also an unquestionably relevant document for our times. Despite the passing of more than 150 years, despite huge changes in enfranchisement, in attitudes and in world order, this fascinating document prompts us to re-evaluate the process of government - wherever we live. And what is more, it is written with grace, elegance - and wit!

During the upheavals of 2007-9, 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.

Discover the intricacies of the English Constitution with this highly accessible political and legal analysis by Walter Bagehot. First published in serialized form from 1865 to 1867, the work offers valuable insights, many of which remain relevant today. Bagehots astute observations, particularly his commentary on the monarchy and the role of imagination in governance, provide a compelling exploration of constitutional complexities. While some aspects of the English system have evolved since Bagehots time, his discerning philosophical groundwork largely holds true. Dive into the ...