The Relation Between Wholesale And Retail Prices Since the War

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To the chronicler — ^who as often as not was a courtier — the court gossip, the often inglorious exploits of the monarch, of his ministers and mistresses, were more important than an obscure economic change slowly working its way among the peasants or artisans.
Only after a social phenomenon flared up in the form of a civU war, revolt or other dramatic and sensational event, would the average chronicler take stock of it. To the exponents of the modem ten- dency in history — ^popularly and briUi
...antiy set forth in Mr. H. G.
Wells' recent work on history — ^it is just the fundamental forces of himian society, the forms of social constitution, the types of economic organization, the great moral, religious and philosophic tendencies of an age that matter above all. The great men and the great masses alike make history, in mutual interplay or co-operation. To speak of leaders and forget the led is an error of method.
This new tendency in history meets insurmountable obstacles in the inadequacy of the historical chronicles.


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