Quotidian | Quotes | Walter Bagehot

Walter Bagehot was a British journalist who wrote extensively about economics and government policy. He was an early editor of The Economist, a business magazine still published today (since 1843).

Bagehot wrote numerous books, including an 1867 tome (The English Constitution) which explored the differences between the British and American systems of government.

Bagehot was one of the first to discuss the concept of a business cycle, and his writings on monetary institutions (central banks) influenced later institutions, including the Federal Reserve System and the International Monetary Fund.