Bazley was born on 27 May 1797 at Gilnow near Bolton in Lancashire. He died at Lytham, Lancashire, on 18 March 1885 and was buried at St John's Church, Manchester. He was the son of Thomas Bazley, a textile manufacturer who later became a journalist, and his wife, Anne Hilton of Horwich. Bazley was educated at Bolton grammar school. In 1818, at the age of twenty-one, he set up a business in Bolton as a yarn agent for the cotton industry. In 1826 he moved to Manchester, going into partnership with Robert Gardner, a cotton spinner and cotton merchant. On 2 June 1828 he married Mary Maria Sarah Nash of Clayton, near Manchester; they had one son, Thomas Sebastian. From 1858 to 1880, Bazley sat as one of Manchester's MPs; he was re-elected on four separate occasions. He was given a baronetcy by Gladstone's government in 1869.
From The Biographical Dictionary of British Economists in Oxford Reference.