Chronicling the past is much easier than chronicling the present,
which was exactly Walter Bagehot's project when writing The English
Constitution, first published in 1873. His ambitious undertaking
was to describe the British government as it actually worked during
1865 and 1866. Government as it functions is very different from
the government as it is spelled out on paper. Many factors,
including the mindset of the people and the habits of those already
in government, affect how a country is run. Political scientists
and historians will find Bagehot's commentary on the living English
government and invaluable tool in understanding the politics of the
era. British journalist WALTER BAGEHOT (1826-1877) was an early
editor of The Economist and was among the first economists to
discuss the concept of the business cycle. He is also the author of
Physics and Politics (1872) and The Postulates of English Political
Economy (1885).
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