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" "There are cases - perhaps mine is among them - where this discovery can be particularly helpful. Much of my life, probably most of my conscious life, was devoted to a hope which has been plainly disappointed, and to a cause which has plainly failed: the communism initiated by the October Revolution. But there is nothing which can sharpen the historian's mind like defeat.
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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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.
It is easier to formulate questions than answers, and this paper has taken the easier way rather than the more difficult. And yet, perhaps to ask questions, especially about the experiences we tend to take for granted, is not a valueless occupation. We swim in the past as fish do in water, and cannot escape from it. But our modes of living and moving in this medium require analysis and discussion. My object has been to stimulate both.