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Bagehot, Walter
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Bagehot, Walter (1826–1877)

British writer and economist. His English Constitution published in 1867, a classic analysis of the British political system, is still a standard work.

Bagehot was editor of the Economist magazine 1860–77. His Physics and Politics published in 1872 was one of the first books to apply the theory of evolution to politics.



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If Walter Bagehot was right in identifying conservatism with enjoyment, the ultimate impact of Mencken's work is surely conservative, since Mencken's writings convey powerfully and with gusto his rejection of envy and self-righteousness in favor of laughter and appreciation of the good things of life--including for him food, drink, music, friendship, and writing.
The Enduring Mencken by Seaton, James / Modern Age
In Physics and Politics, Walter Bagehot summed up the point when he observed that
Political correctness or, the perils of benevolence by Kimball, Roger / The National Interest
Dutton, 1910), Walter Bagehot famously recommends that in response to a financial panic, the central bank lend freely at a penalty rate (chap.
Proposed revision to the Federal Reserve's discount window lending ... by Nelson, William R. / Federal Reserve Bulletin
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