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" "From the historians' point of view these assumptions must be realistic or they are junk. If we use the assumption of perfect foresight by businessmen to construct data, the question of its empirical validity is crucial. Altering the assumptions, whether about the model or about the data, can make a substantial difference to both the data and the answers.
Eric John Ernest Hobsbawm, CH, FRSL, FBA (9 June 1917 – 1 October 2012) was a British Marxist historian and author and a leading theorist of the Communist Party of Great Britain (1920–1991), and former president of Birkbeck College, University of London.
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My object is to understand ad explain why things turned out the way they did, and how they hang together. For anyone of my age-group who has lived through all or most of the Short Twentieth Century this is inevitably also a autobiographical endeavor. We are talking about, amplifying (and correcting) our own memories. And we are talking as men and women of a particular time and place, involved, in various ways,in its history as actors in its dramas - however insignificant our parts - as observers of our times and, not least, as people whose views of the century have been formed by what we have come to see as its crucial events.
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