THE PATERNOSTER LIBRARY

VOLUME III.

WORKS BY WALTER BAGEHOT

In the PATERNOSTER LIBRARY.

Crown 8vo, 38. 6d. each.

Vol. I. PHYSICS AND POLITICS; or, Thoughts on the Application of the Principles of "Natural Selection "and "Inheritance" to Political Society. By WALTER BAGEHOT. Tenth Thousand.

Vol. II. LOMBARD STREET: A Description of the Money Market. By WALTER BAGEHOT. Thirteenth Thousand.

Vol. III. THE ENGLISH CONSTITUTION. By WALTER BAGEHOT. Thirteenth Thousand.

Vol. IV. ESSAYS ON PARLIAMENTARY REFORM. By WALTER BAGEHOT.

Also in the

INTERNATIONAL SCIENTIFIC SERIES.

PHYSICS AND

Eleventh Edition.

Crown 8vo, 58.

POLITICS. By WALTER BAGEHOT.

LONDON: KEGAN PAUL, TRENCH, TRÜBNER & Co., LTD

The following Works by WALTER BAGEHOT are published by Messrs. LONGMANS, GREEN & CO., of London, New York, and Bombay.

LITERARY STUDIES. Edited, with a Prefatory Memoir, by the late RICHARD HOLT HUTTON. With Portrait. Fif.h Impression. 3 Vols. Crown 8vo, 38. 6d. each.

BIOGRAPHICAL STUDIES. Edited by the late RICHARD HOLT HUTTON. Fifth Impression. Crown 8vo, 38. 6d. ECONOMIC STUDIES. Edited by the late RICHARD HOLT HUTTON. Fourth Impression. Crown 8vo, 38. 6d.

With

THE POSTULATES OF ENGLISH POLITICAL
ECONOMY. (Extracted from Economic Studies.)
Preface by ALFRED MARSHALL, Professor of Political Economy,
Cambridge. Crown 8vo, 2s. 6d.

A PRACTICAL PLAN FOR ASSIMILATING THE
ENGLISH AND AMERICAN MONEY AS A
STEP TOWARDS A UNIVERSAL MONEY.
Reprinted from the Economist, with Additions and a Preface.
Second Edition. Crown 8vo, 28. 6d.

BY

WALTER BAGEHOT

NEW AND CHEAPER EDITION

FIFTEENTH THOUSAND

LONDON

KEGAN PAUL, TRENCH, TRÜBNER & CO. LTD

DRYDEN HOUSE, GERRARD STREET, W.

1909