In 1831 Victor Hugo had written that he already heard 'the full sound of revolution, still deep down in the earth, pushing out under the kingdom in E… - Eric Hobsbawm

Economists might conceivably agree on the value of history for their discipline, but not historians about the value of economics for theirs. This is partly because history covers a much wider field. As we have seen, it is an obvious drawback of economics as a subject dealing with the real world that it selects out some and only some aspects of human behaviour as 'economic' and leaves the rest to someone else.

The major strength of Wolf's book - his concentration on interaction, intermingling and mutual modification - is at the same time its major weakness, since it tends to take for granted the nature of the dynamism which has brought the world from pre-history to the late twentieth century. This is a book about connections rather than causes. Or rather, the author has re-thought the problems of the genesis and development of capitalism less fundamentally than those of the interconnections essential to it.

For where we stand in regard to the past, what the relations are between past, present and future are not only matters of vital interest to all: they are quite indispensable. We cannot help situating ourselves in the continuum of our own life, of the family and group to which we belong. We cannot help comparing past and present: that is what family photo albums or home movies are there for. We cannot help learning from it, for that is what experience means. We may learn the wrong things - and plainly we often do - but if we don't learn, or have had no chance of learning, or refuse to learn from whatever past is relevant for our purpose, we are, in the extreme case, mentally abnormal.