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… - Eric Hobsbawm

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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.

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About Eric Hobsbawm

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.

Also Known As

Native Name: Eric John Ernest Hobsbawm
Alternative Names: Obstbaum E.J. Hobsbawm
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Additional quotes by Eric Hobsbawm

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.

Nothing is easier than to see the Christ of the Sermon on the Mount as 'the first socialist' or communist, and though the majority of early socialist theorists were not Christians, many later members of socialists movements have found this reflection useful.

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Surrealism was a genuine addition to the repertoire of avant-garde arts, its novelty attested by the ability to produce shock, incomprehension, or what amounted to the same thing, a sometimes, embarrassed laughter, even among the older avant-garde.

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