A great pleasure in life is doing what people say you cannot do.
Walter Bagehot Quotes
Political economy traces in an abstract way the effects of the desire to be rich; and nations must nowadays abound in that passion if they are to have much power or respect in the world.
Similar Quotes
Cricket is the greatest game that the wit of man has yet devised.
- Sir Pelham WarnerAdvertising is selling Twinkies to adults.
- Donald R. VanceThe struggle of the male to learn to listen to and respect his own intuitive, inner prompt...
- Herb GoldbergEach generation of the church in each setting has the responsibility of communicating the ...
- Francis SchaefferEach had defended his own country; the Germans Germany, the Frenchmen France; they had don...
- Ernst TollerComments on: "Walter Bagehot Quotes: Political economy traces in an abstract way the effects of the desire to..."
| Birth: | 3rd February, 1826 |
| Death: | 24th March, 1877 |
| Nationality: | British |
| Profession: | Businessman, Essayist, Journalist |
About
Bagehot was born in Langport, Somerset, England. He attended University College London, where he studied mathematics and in 1848 earned a master's degree in intellectual and moral philosophy. In April 1848, Bagehot was sworn as a Special Constable in anticipation of Chartist riots in London.
Bagehot was called to the bar by Lincoln's Inn, but preferred to join his father in 1852 in his family's shipping and banking business. He wrote for various periodicals, and in 1855 founded the National Review with his friend Richard Holt Hutton.[3][4] Later becoming editor-in-chief of The Economist, which had been founded by his father-in-law, James Wilson, in 1860, Bagehot expanded The Economist's reporting on the United States and on politics and is considered to have increased its influence among policymakers over the seventeen years he served as editor.
In 1867, he wrote The English Constitution, a book that explored the nature of the constitution of the United Kingdom, specifically the functioning of Parliament and the British monarchy and the contrasts between British and American government. The book appeared at the same time that Parliament enacted the Reform Act of 1867, requiring Bagehot to write an extended introduction to the second edition, which appeared in 1872. The book became an instant classic, has been translated into many languages, and is still available in scholarly editions from Oxford University Press and Cambridge University Press.
Bagehot also wrote Physics and Politics (1872), in which he coined the still-current expression "the cake of custom" to describe the tension between social institutions and innovations. In his contributions to sociological theory within historical studies, Bagehot may be compared to his contemporary, Henry James Sumner Maine.
Share with your friends