A great pleasure in life is doing what people say you cannot do.
An element of exaggeration clings to the popular judgment: great vices are made greater, great virtues greater also; interesting incidents are made more interesting, softer legends more soft.
Cricket is the greatest game that the wit of man has yet devised.- Sir Pelham Warner
Advertising is selling Twinkies to adults.- Donald R. Vance
The struggle of the male to learn to listen to and respect his own intuitive, inner prompt...- Herb Goldberg
Each generation of the church in each setting has the responsibility of communicating the ...- Francis Schaeffer
Each had defended his own country; the Germans Germany, the Frenchmen France; they had don...- Ernst Toller
Comments on: "Walter Bagehot Quotes: An element of exaggeration clings to the popular judgment: great vices are made..."
Who can tell without instruction what is likely to be the effect of the new loans of England to foreign nations?We press upon half-finished and half- civilized communities incalculable sums; we are to them what the London money-dealers are to students at Oxford and Cambridge.
Men of business have a solid judgment, a wonderful guessing power of what is going to happen, each in his own trade, but they have never practiced themselves in reasoning out their judgments and in supporting their guesses by argument ; probably if they did so, some of the finer and correcter parts of their anticipations would vanish.
|Birth:||3rd February, 1826|
|Death:||24th March, 1877|
|Profession:||Businessman, Essayist, Journalist|
Bagehot was born in Langport, Somerset, England. He attended University College London, where he studied mathematics and in 1848 earned a master's degree in intellectual and moral philosophy. In April 1848, Bagehot was sworn as a Special Constable in anticipation of Chartist riots in London.
Bagehot was called to the bar by Lincoln's Inn, but preferred to join his father in 1852 in his family's shipping and banking business. He wrote for various periodicals, and in 1855 founded the National Review with his friend Richard Holt Hutton. Later becoming editor-in-chief of The Economist, which had been founded by his father-in-law, James Wilson, in 1860, Bagehot expanded The Economist's reporting on the United States and on politics and is considered to have increased its influence among policymakers over the seventeen years he served as editor.
In 1867, he wrote The English Constitution, a book that explored the nature of the constitution of the United Kingdom, specifically the functioning of Parliament and the British monarchy and the contrasts between British and American government. The book appeared at the same time that Parliament enacted the Reform Act of 1867, requiring Bagehot to write an extended introduction to the second edition, which appeared in 1872. The book became an instant classic, has been translated into many languages, and is still available in scholarly editions from Oxford University Press and Cambridge University Press.
Bagehot also wrote Physics and Politics (1872), in which he coined the still-current expression "the cake of custom" to describe the tension between social institutions and innovations. In his contributions to sociological theory within historical studies, Bagehot may be compared to his contemporary, Henry James Sumner Maine.
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