In this classic 1867 publication, Walter Bagehot (1826-77) sought to describe the 'living reality' of how Britain was governed.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it.

Bagehot goes great lengths to explain this system, which was only discarded following the Great Depression of the 1920s. In writing this book, Walter Bagehot sought to demystify an increasingly complex and intricate financial system.