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Bagehot

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
Bage·hot  (bjt), Walter 1826-1877.
British economist, social scientist, and journalist who wrote The English Constitution (1867), an analysis of the comparative powers of the branches of British government.

Bagehot [ˈbædʒət]
n
(Biographies / Bagehot, Walter (1826-1877) M, English, SOCIAL SCIENCE: economist, WRITING: journalist, WRITING: author) Walter. 1826-77, English economist and journalist: editor of


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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.
In Physics and Politics, Walter Bagehot summed up the point when he observed that
Dutton, 1910), Walter Bagehot famously recommends that in response to a financial panic, the central bank lend freely at a penalty rate (chap.
 
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