Walter Bagehot

Walter Bagehot (băj´ət), 1826–77, English social scientist. After working in his father's banking firm, he edited (1860–77) the Economist (which had been founded by his father-in-law) and helped establish its high reputation as a financial journal. From these activities came his noted study of the English banking system, Lombard Street (1873). Bagehot's classic English Constitution (1864) distinguished between the effective institutions of government and those, like the House of Lords, that had entered decay. His other important books include Literary Studies (1879) and Economic Studies (1880). In Physics and Politics (1875) he made a pioneer analysis of the interrelationship between the natural and the social sciences. He believed that investments expanded or contracted according to the mood of the market. Bagehot was also a noted literary critic of his day.

See his collected works (10 vol., 1915); biography by W. Irvine (1939, repr. 1970); studies by A. Buchan (1960) and N. St. John-Stervas (1963).

The Columbia Encyclopedia, 6th ed. Copyright© 2015, The Columbia University Press.

Walter Bagehot: Selected full-text books and articles

Walter Bagehot By Norman St. John-Stevas Longmans, Green & Co., 1963
Bagehot: The English Constitution By Paul Smith Cambridge University Press, 2001
FREE! A Short History of Political Economy in England, from Adam Smith to Arnold Toynbee By L. L. M.A. Price Methuen, 1903 (4th edition)
Librarian’s tip: Chap. VI "Walter Bagehot (1826-1877)"
Politics and Opinion in the Nineteenth Century: An Historical Introduction By John Bowle Oxford University Press, 1954
Librarian’s tip: Chap. III The Life of Institutions: Maine: Bagehot: Tylor"
The Transformation of British Politics, 1860-1995 By Brian Harrison Oxford University Press, 1996
Librarian’s tip: Chap. 1 "Bagehot's System"
The Nature of Literature By Herbert Read Horizon Press, 1956
Librarian’s tip: Chap. X "Bagehot"
British Economy of the Nineteenth Century; Essays By W. W. Rostow Clarendon Press, 1948
Librarian’s tip: Part III "Economic Theories: Bagehot and the Trade Cycle"
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