Dr. John Bagehot (economist)

Dr. John Bagehot was a British economist and political theorist, best known for his work on the relationship between government and the economy. He emphasized the importance of a stable, well-managed financial system and believed that government intervention is essential during economic crises to maintain stability. Bagehot argued that central banks should act decisively and with transparency to prevent panic and support the economy. His ideas continue to influence modern economic policy, especially in understanding how governments and financial institutions can work together to protect the economy during periods of instability.