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Walter Bagehot (1826 – 1877)


British businessman, essayist and journalist who wrote about literature, government and economics.
Walter Bagehot
You may talk of the tyranny of Nero and Tiberius; but the real tyranny is the tyranny of your next-door neighbor... Public opinion is a permeating influence, and it exacts obedience to itself; it requires us to think other men's thoughts, to speak other men's words, to follow other men's habits.
Bagehot quotes
The great difficulty which history records is not that of the first step, but that of the second step. What is most evident is not the difficulty of getting a fixed law, but getting out of a fixed law; not of cementing (as upon a former occasion I phrased it) a cake of custom, but of breaking the cake of custom; not of making the first preservative habit, but of breaking through it, and reaching something better.
Bagehot
To a great experience one thing is essential — an experiencing nature.




Bagehot Walter quotes
It is good to be without vices, but it is not good to be without temptations.
Bagehot Walter
Under a cabinet constitution at a sudden emergency this people can choose a ruler for the occasion. It is quite possible and even likely that he would not be ruler before the occasion. The great qualities, the imperious will, the rapid energy, the eager nature fit for a great crisis are not required — are impediments — in common times. A Lord Liverpool is better in everyday politics than a Chatham — a Louis Philippe far better than a Napoleon. By the structure of the world we want, at the sudden occurrence of a grave tempest, to change the helmsman — to replace the pilot of the calm by the pilot of the storm.
Walter Bagehot quotes
The name ‘London Banker’ had especially a charmed value. He was supposed to represent, and often did represent, a certain union of pecuniary sagacity and educated refinement which was scarcely to be found in any other part of society.
Walter Bagehot
Whatever expenditure is sanctioned — even when it is sanctioned against the ministry's wish — the ministry must find the money. Accordingly, they have the strongest motive to oppose extra outlay.... The ministry is (so to speak) the breadwinner of the political family, and has to meet the cost of philanthropy and glory; just as the head of a family has to pay for the charities of his wife and the toilette of his daughters.
Bagehot Walter quotes
I started out by believing God for a newer car than the one I was driving. I started out believing God for a nicer apartment than I had. Then I moved up.
Bagehot
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.
Bagehot Walter
A cabinet is a combining committee, — a hyphen which joins, a buckle which fastens, the legislative part of the state to the executive part of the state. In its origin it belongs to the one, in its functions it belongs to the other.
Walter Bagehot
The purse strings tie us to our kind.




Walter Bagehot quotes
One of the greatest pains to human nature is the pain of a new idea.
Walter Bagehot
A highly developed moral nature joined to an undeveloped intellectual nature, an undeveloped artistic nature, and a very limited religious nature, is of necessity repulsive. It represents a bit of human nature — a good bit, of course, but a bit only — in disproportionate, unnatural and revolting prominence.
Bagehot quotes
A constitutional statesman is in general a man of common opinions and uncommon abilities.
Bagehot Walter
But the mass of the old electors did not analyse very much: they liked to have one of their "betters" to represent them; if he was rich they respected him much; and if he was a lord, they liked him the better. The issue put before these electors was, which of two rich people will you choose? And each of those rich people was put forward by great parties whose notions were the notions of the rich — whose plans were their plans. The electors only selected one or two wealthy men to carry out the schemes of one or two wealthy associations.
Bagehot Walter quotes
The reason why so few good books are written is, that so few people that can write know anything. In general an author has always lived in a room, has read books, has cultivated science, is acquainted with the style and sentiments of the best authors, but he is out of the way of employing his own eyes and ears. He has nothing to hear and nothing to see. His life is a vacuum.
Walter Bagehot
The less money lying idle the greater is the dividend.
Walter Bagehot quotes
[Of Guizot] A Puritan born in France by mistake.
Walter Bagehot
Honor sinks where commerce long prevails.
Bagehot Walter
Nations touch at their summits.


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