Bagehot


Also found in: Encyclopedia.

Bage·hot

 (băj′ət), Walter 1826-1877.
British journalist and editor of The Economist who wrote The English Constitution (1867), an analysis of the comparative powers of the branches of British government.

Bagehot

(ˈbædʒət)
n
(Biography) Walter. 1826–77, English economist and journalist: editor of The Economist; author of The English Constitution, (1867) Physics and Politics (1872), and Lombard Street (1873)

Bage•hot

(ˈbædʒ ət)

n.
Walter, 1826–77, English economist and critic.
References in classic literature ?
One of the most suggestive essays on Milton is that of Walter Bagehot.
The great 19th-century constitutional journalist Walter Bagehot has this to say about the monarchy:A "its mystery is its life, don't let daylight in upon magic - if you hear too much about what she thinks, she loses her mystery."
The DAP adviser noted that Annuar must be 'bright' if he could hold a Master's degree in construction management from UCL, which has produced such illustrious personages around the world like Mahatma Gandhi, Alexander Bell, John Stuart Mill, Robert Browning, John Fleming, Walter Bagehot, Rabindranath Tagore and even Khairy Jamaluddin.
As Walter Bagehot described in his 1867 book "The English Constitution," Parliament handles the practical "efficient functions" of governing while the monarchy handles the largely ceremonial "dignified functions."
A Walter Bagehot B William Wycherley C Queen Victoria D Lord Salisbury 5.
Ball cites Walter Bagehot on the importance of this role: "Bagehot's basic idea was that a central bank can lend to a bank when a run has disrupted its usual sources of cash, thereby enabling the bank to stay in business." Ball pores through the available financial statements of Lehman Brothers from May and early September of 2008 to conclude: "Lehman was solvent, or at least close to solvent, when it filed for bankruptcy on September 15.
But no one is as close to me in temperament, concepts, and approach as the mid-Victorian Englishman Walter Bagehot. Living (as I have) in an age of great social change, Bagehot first saw the emergence of new institutions: civil service and cabinet government, as cores of a functioning democracy, and banking as the center of a functioning economy.
Deviating from Margaret Thatcher's praise of capitalism and demonising the state, Bagehot of The Economist in 'Good capitalism vs Bad Capitalism' pointed out that the Conservative Party leadership in the United Kingdom is now making a sharp distinction between good and bad capitalism.
"To be invisible," wrote the 19th-century constitutionalist Walter Bagehot, "is to be forgotten ...
The process of lawmaking is serious business, especially if we accept the philosophy posited by British scholar and constitutionalist William Bagehot on the "educational function" of legislative bodies.
IN THE 1873 EDITION OF THE ENGLISH Constitution, Walter Bagehot argued that in order to "exercise a wide sway" over the "mixed population" enfranchised by the Reform Act of 1867, the British government must maintain both "dignified parts" and "efficient parts." The dignified parts were the tradition and pomp of the monarchy, which served to distract "the vacant many" from the workings of Parliament, the Cabinet, and the House of Commons--the efficient parts that were dull and incomprehensible to the "common ordinary mind." As he wrote, "[R]oyalty is a government in which the attention of the nation is concentrated on one person doing interesting actions.