[1] After his death, the university established the Robert Sobel Endowed Scholarship for Excellence in Business History & Finance.

This book is an alternate history in which Burgoyne won the Battle of Saratoga during the American Revolutionary War.

For Want of a Nail was republished in 1997 and won a special achievement Sidewise Award for Alternate History that year.

"It is as though you are walking through a historical theme park, with this engaging man at your side pointing out the sights," said Andrew Tobias, the author and investment guide, in a review in The New York Times of The Last Bull Market: Wall Street in the 1960s (W. W. Norton, 1978).

Most of Sobel's books were written for a general audience, but he never bristled when some scholarly writers dismissed him as a "popularizer," said his colleague and friend George David Smith, a professor of economic history at New York University.