"However, in that autobiography Hobson did confess that he now thought that the emphasis on economic causation in Imperialism: A Study was overdone and that more emphasis should have been placed on the 'lust for power' with economic gains seen as a means of exercising power rather an end in themselves."

"In 1938 and at the age of eighty, Hobson decided to republish Imperialism: A Study. By the late 1930s, public opinion was becoming much more critical of empire and imperialism: one prominent imperial historian of the time, W. K. Hancock, wrote that 'to...an increasing proportion of the ordinary public the "imperialist" is a robber and a bully'. Under growing Marxist influence there was also an increasing tendency to offer economic interpretations of imperial expansion and control. Encouraged by these trends and convinced that the looming conflict between Britain and France on the one side, and Germany, Italy and Japan on the other, was basically an attempt to re-divide the imperial spoils, Hobson decided that his ancient text was worth reprinting. But in republishing it, and despite adding a long preface, Hobson gave no indication that he had ever held different views."

"By 1910-14, Hobson had drifted far from the arguments of Imperialism: A Study and was now writing of imperialism as a phase in the extension of a benign, global capitalist network and one that would eventually lead to an economic convergence between the developed and underdeveloped worlds, to world peace and eventually to some form of world government."