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Editor of The Economist from 1861 until his death, Walter Bagehot (1826-77) wrote across an array of subjects, from banking to literature. In this classic 1867 publication, he sought to describe the 'living reality' of how Britain was governed, making a notable distinction between 'dignified' and 'efficient' constitutional components.
Bagehot was one of the first economists in Britain to recognise the importance of the idea of development for social and economic theories, and was widely considered to be a great authority on banking and finance. Detailed contents available.
Walter Bagehot (1826-77), the influential political and economic essayist, wrote a number of books that became standards in their respective fields. He attended University College, London, where he studied mathematics and gained a master's degree in intellectual and moral philosophy. He was called to the bar, but instead chose a career in his father's banking business. He wrote widely on literature, economics and politics, co-founding the National Review in 1855. He became editor-in-chief of The Economist in 1860 and remained in that post until his death. This work, published originally in 1873 and described by J. M. Keynes as 'an undying classic', is a masterpiece of economics. It explains the world of finance and banking, concentrating on crisis management, and its ideas are as relevant today as ever, especially in the face of the global financial crisis that emerged in 2007.
Walter Bagehot (1826-1877) was an eminent British journalist, businessman and political commentator. After graduating from University College, London, in 1848, Bagehot joined his father's banking business. In 1857 he began to write articles for The Economist and became editor in 1861, a position he held until his death. This volume, first published in 1872, contains Bagehot's discussion of the scientific principles of progress in a society. Incorporating aspects of other social disciplines, including anthropology and Darwinian evolutionary theory, Bagehot traces the development of political society from an assumed 'pre-political' age to the development of nation-states, and examines the developments necessary for evolution into a liberal, trade-oriented society. Bagehot's appreciation of both conservative and liberal values is evident in this volume, which provides a valuable example of the influence of Darwinian thought in the late nineteenth century. This text is reissued from the 1873 second edition.
Written in 1867, The English Constitution remains the best account of the history and working of the British political system. Blending wit, humour, history, and anecdote, its analysis of the monarchy, the role of the prime minister and cabinet, and comparisons with the American presidential system are astute and timeless. This is the only edition currently in print and uses the original 1867 edition.
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