Montagu Norman: A ‘Monarch’ in the City

Lord Robbins
Additional contact information
Lord Robbins: London School of Economics

Chapter 14 in The Evolution of Modern Economic Theory, 1970, pp 234-242 from Palgrave Macmillan

Abstract: Abstract In 1873 Walter Bagehot, the great editor of The Economist, wrote a book entitled Lombard Street about the organisation of the London money market. One of the chapters dealt with the government of the Bank of England; and a considerable part of it was devoted to the question whether the Governor should, or should not, be appointed for more than two years — which was then the customary period of office. Bagehot decided against; and one of the grounds for this decision was the belief that ‘a permanent Governor of the Bank of England would be one of the greatest men in England. He would be a little “monarch” in the City; he would be far greater than the Lord Mayor.’

Keywords: Central Bank; Federal Reserve; Scientific Rule; Modern Economic Theory; Financial Morality (search for similar items in EconPapers)
Date: 1970
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-00876-6_14

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349008766

DOI: 10.1007/978-1-349-00876-6_14

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().