In the age of austerity that followed the Blitz, the University of London saw Warburg’s library as a jewel to be cherished. An ugly but efficient home for the institute was built in Bloomsbury, and for decades the university took pride in supporting its work. In the new age of austerity, by contrast, the university, which now controls the funds once earmarked for the institute, is doing its best to destroy what it once helped to save. In 2007, like a Dickensian villain, the university began self-parodically demanding enormous “economic” space charges for the Warburg’s building—charges so large that the institute cannot possibly pay them. The only way for the institute to avoid these charges would be to move into much smaller premises and close its stacks, a decision that would destroy its essential character.