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Portrait by Norman Hirst, after an unknown artist
(1826-02-03)3 February 1826 Langport, Somerset, England
24 March 1877(1877-03-24) (aged 51) Langport, Somerset, England
In 1858, Bagehot married Elizabeth (Eliza) Wilson (1832-1921), whose father, James Wilson, was the founder and owner of The Economist; the couple were happily married until Bagehot's untimely death at age 51, but had no children. A collection of their love-letters was published in 1933.
In 1855, Bagehot founded the National Review with his friend Richard Holt Hutton. In 1861, he became editor-in-chief of The Economist. In the 17 years he served as its editor, Bagehot expanded The Economist's reporting on politics and increased its influence among policymakers.
Bagehot also wrote Physics and Politics (1872), in which he examines how civilisations sustain themselves, arguing that in their earliest phase civilisations are very much in opposition to the values of modern liberalism, insofar as they are sustained by conformism and military success, but once they are secured it is possible for them to mature into systems which allow for greater diversity and freedom.
Bagehot never fully recovered from a bout of pneumonia he suffered in 1867, and he died in 1877 from complications of what was said to be a cold. Collections of Bagehot's literary, political, and economic essays were published after his death. Their subjects ranged from Shakespeare and Disraeli to the price of silver. In honour of his contributions, The Economist's weekly commentary on current affairs in the UK is entitled "Bagehot". Every year, the British Political Studies Association awards the Walter Bagehot Prize for the best dissertation in the field of government and public administration.
^Bagehot, Walter (November 1867). "Physics and Politics. No. I. The Pre-Economic Age". Hathi Trust. Fortnightly Review. Retrieved 2018. This three-part article was published over the course of three years in the Fortnightly Review: the first section was published in November, 1867; the second section in April, 1868; and the third in July, 1869.
^"Bagehot and International Lending". by Professor M. Lipton. The Financial Times (London, England),Tuesday, June 12, 1984; p. 17; edition 29,344.
Halsted, John B. (1958). "Walter Bagehot on Toleration," Journal of the History of Ideas, Vol. 19, No. 1, pp. 119-28
Hanley, Brian (2004). "'The Greatest Victorian' in the New Century: The Enduring Relevance of Walter Bagehot's Commentary on Literature, Scholarship, and Public Life", Papers on Language and Literature, Vol. 40, No. 2, pp. 167-98
Irvine, William (1939). Walter Bagehot. London: Longmans, Green and Co.
Kolbe, F.C. (1908). "Walter Bagehot: An Appreciation," The Irish Monthly, Vol. 36, No. 419, pp. 282-87
Morgan, Forrest (1995). Collected Works of Walter Bagehot. Routledge
Ostlund, Leonard A. (1956). "Walter Bagehot--Pioneer Social Psychology Theorist," Social Science, Vol. 31, No. 2, pp. 107-11
Spring, David (1976). "Walter Bagehot and Deference," The American Historical Review, Vol. 81, No. 3, pp. 524-31