Walter Bagehot, who used to figure at Crabb Robinson's famous breakfasts, expatiates on Robinson's chin,—"a chin of excessive length and portentous power of extension." The old gentleman "made ...

Free banking is one alternative to central banks, but would switching to a radical new system be worth the risk?

Walter Bagehot's anatomy of The English Constitution is a classic of English political writing. In this new Cambridge Texts edition it appears for the first time in its original (1867) book version, ...

The third pillar providing judicial checks and balances in our system has crumbled. The scales of justice have tilted in ...

But the role of a central bank in a crisis, in a panic -- and this goes back to the panic of 1825 and basically the handbook that was written by a man named [Walter] Bagehot with the Bank of ...

The Federal Reserve risks moving beyond its role as a lender of last resort to a prop markets need to function even in normal ...

Evolution of concept When Walter Bagehot, the nineteenth-century economist whose Lombard Street is still the classic in this field, was writing, the monetary framework was pretty rigid. It was based ...

MOSCOW - One of Queen Elizabeth II's final acts was to accept the resignation of disgraced prime <a target=_blank href= ...

In Lombard Street, published in 1873, the editor of the Economist Walter Bagehot described with great skill the way in which the City of London had evolved in his time. Bagehot understood that ...