No real English gentleman, in his secret soul, was ever sorry for the death of a political economist

No real English gentleman, in his secret soul, was ever sorry for the death of a political economist

The quote “No real English gentleman, in his secret soul, was ever sorry for the death of a political economist” is often attributed to Walter Bagehot, a prominent English economist and journalist of the 19th century. Bagehot was known for his sharp wit and incisive commentary on political and economic matters, and this quote is a perfect example of his dry humor and disdain for the field of political economy.

In the context of Bagehot’s work and beliefs, this quote can be seen as a reflection of his skepticism towards the theories and practices of political economists. Bagehot was a staunch advocate of free market principles and believed that government intervention in the economy was often counterproductive. He viewed political economists as meddling bureaucrats who sought to impose their will on the natural order of the market, and saw their deaths as a welcome relief from their interference.

Bagehot’s views on political economy were shaped by the tumultuous political and economic landscape of his time. The 19th century was a period of rapid industrialization and social change, and Bagehot witnessed firsthand the consequences of government intervention in the economy. He saw how well-intentioned policies often led to unintended consequences, and how political economists were often more concerned with advancing their own agendas than with promoting the common good.