English economist and political analyst (1826-1877)
The old pagan has a sympathy with the religion of enthusiasm far above the reach of the modern Epicurean.
WALTER BAGEHOT
Literary Studies
The best history is but like the art of Rembrandt; it casts a vivid light on certain selected causes, on those which were best and greatest; it leaves all the rest in shadow and unseen.
WALTER BAGEHOT
Physics and Politics
The American Government calls itself a Government of the supreme people; but at a quick crisis, the time when a sovereign power is most needed, you cannot FIND the supreme people. You have got a Congress elected for one fixed period, going out perhaps by fixed instalments, which cannot be accelerated or retarded—you have a President chosen for a fixed period, and immovable during that period: all the arrangements are for STATED times. There is no ELASTIC element, everything is rigid, specified, dated. Come what may, you can quicken nothing, and can retard nothing. You have bespoken your Government in advance, and whether it suits you or not, whether it works well or works ill, whether it is what you want or not, by law you must keep it.
WALTER BAGEHOT
The English Constitution
Since war has ceased to be the moving force in the world, men have become more tender one to another, and shrink from what they used to inflict without caring; and this is not so much because men are improved (which may or may not be in various cases), but because they have no longer the daily habit of war--have no longer formed their notions upon war, and therefore are guided by thoughts and feelings which soldiers as such--soldiers educated simply by their trade--are too hard to understand.
WALTER BAGEHOT
Physics and Politics
Probably in most cases the greatest wisdom of a constitutional king would show itself in well-considered inaction.
WALTER BAGEHOT
The English Constitution
Of course there was always some reason (if we only could find it) which gave the prominence in each age to some particular winning literature. There always is some reason why the fashion of female dress is what it is. But just as in the case of dress we know that now-a-days the determining cause is very much of an accident, so in the case of literary fashion, the origin is a good deal of an accident. What the milliners of Paris, or the demi-monde of Paris, enjoin our English ladies, is (I suppose) a good deal chance; but as soon as it is decreed, those whom it suits and those whom it does not all wear it. The imitative propensity at once insures uniformity; and 'that horrid thing we wore last year' (as the phrase may go) is soon nowhere to be seen. Just so a literary fashion spreads, though I am far from saying with equal primitive unreasonableness—a literary taste always begins on some decent reason, but once started, it is propagated as a fashion in dress is propagated; even those who do not like it read it because it is there, and because nothing else is easily to be found.
WALTER BAGEHOT
Physics and Politics
In reverencing wealth we reverence not a man, but an appendix to a man.
WALTER BAGEHOT
The English Constitution
I do not of course mean that statesmen can choose with absolute freedom what topics they will deal with and what they will not. I am of course aware that they choose under stringent conditions. In excited states of the public mind they have scarcely a discretion at all; the tendency of the public perturbation determines what shall and what shall not be dealt with. But, upon the other hand, in quiet times statesmen have great power; when there is no fire lighted, they can settle what fire shall be lit. And as the new suffrage is happily to be tried in a quiet time, the responsibility of our statesmen is great because their power is great too.
WALTER BAGEHOT
The English Constitution
He grew first to wish to become mad, next to believe that he should become so, and only to be afraid that the expected delirium might not come on soon enough to prevent his appearance for examination before the Lords--a fear, the bare existence of which shows how slight a barrier remained between him and the insanity which he fancied that he longed for.
WALTER BAGEHOT
Literary Studies
Discussion, too, has incentives to progress peculiar to itself. It gives a premium to intelligence. To set out the arguments required to determine political action with such force and effect that they really should determine it, is a high and great exertion of intellect. Of course, all such arguments are produced under conditions; the argument abstractedly best is not necessarily the winning argument. Political discussion must move those who have to act; it must be framed in the ideas, and be consonant with the precedent, of its time, just as it must speak its language. But within these marked conditions good discussion is better than bad; no people can bear a government of discussion for a day, which does not, within the boundaries of its prejudices and its ideas, prefer good reasoning to bad reasoning, sound argument to unsound. A prize for argumentative mind is given in free states, to which no other states have anything to compare.
WALTER BAGEHOT
Physics and Politics
Commerce brings this mingling of ideas, this breaking down of old creeds, and brings it inevitably.
WALTER BAGEHOT
Physics and Politics
A legislature continuously sitting, always making laws, always repealing laws, would have been both an anomaly and a nuisance.
WALTER BAGEHOT
The English Constitution
A despot must feel that he is the pivot of the State. The stress of his kingdom is upon him. As he is, so are his affairs.
WALTER BAGEHOT
The English Constitution
What writers are expected to write, they write; or else they do not write at all.
WALTER BAGEHOT
Physics and Politics
The defects of bureaucracy are, indeed, well known. It is a form of Government which has been tried often enough in the world, and it is easy to show what, human nature being what it in the long run is, the defects of a bureaucracy must in the long run be.
WALTER BAGEHOT
The English Constitution
In the most intellectual city of the ancient world, in its most intellectual age, Socrates, its most intellectual inhabitant, discouraged the study of physics because they engendered uncertainty, and did not augment human happiness. The kind of knowledge which is most connected with human progress now was that least connected with it then.
WALTER BAGEHOT
Physics and Politics
In many matters of business, perhaps in most, a continuity of mediocrity is better than a hotch-potch of excellences.
WALTER BAGEHOT
The English Constitution
Great and terrible systems of divinity and philosophy lie round about us, which, if true, might drive a wise man mad.
WALTER BAGEHOT
Literary Studies
Commerce is like war; its result is patent. Do you make money or do you not make it? There is as little appeal from figures as from battle.
WALTER BAGEHOT
The English Constitution
At first it seems a dreadful thing to place a gentle and sensitive nature in contact, in familiarity, and even under the rule of coarse and strong buoyant natures. Nor should this be in general attempted. The certain result is present suffering, and the expected good is remote and disputable. Nevertheless, it is no artificial difficulty which we here encounter— none which we can hope by educational contrivances to meet or vanquish. The difficulty is in truth the existence of the world. It is the fact, that by the constitution of society the bold, the vigorous, and the buoyant, rise and rule; and that the weak, the shrinking, and the timid, fall and serve.
WALTER BAGEHOT
Literary Studies