Walter Bagehot, a 19th-century editor of the Economist, argued that people like to see a "family on the throne" because it "brings down the pride of sovereignty to the level of petty life".

19世纪的经济学家沃尔特·白芝霍特，曾提出人们乐于见到“王座上的家庭”因为它将把君主的荣耀降低到一般家庭的程度。

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It even misnames the founder of this newspaper as Walter Bagehot (it was James Wilson) and misspells the name of the current editor.

他甚至错将本刊创始人认为是沃尔特•白芝浩(实际是詹姆斯·威尔逊)，误拼了现任主编的名字。

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Walter Bagehot, an authority on bank runs, once wrote: “Every banker knows that if he has to prove that he is worthy of credit, however good may be his arguments, in fact his credit is gone.”

银行经营的权威沃尔特·白芝浩曾经写道：“所有银行家都知道，信用需要证明之日，即是信用不再之时，不管证明信用的依据有多强。”

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Mr Blair's idea of Britain is one that Walter Bagehot would understand and support.

ECONOMIST: Anti-war Americans

Walter Bagehot's dictum needed updating when the crisis of confidence affected entire markets rather than single banks.

ECONOMIST: A collaboration over the credit crisis

Walter Bagehot, the Victorian editor of The Economist after whom this column is named, made a distinction between the efficient and the dignified parts of government.

ECONOMIST: A general theory of spin doctors