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While continuing in business as a banker, Hodgkin devoted a good deal of time to historical study, and soon became a leading authority on the history of the early Middle Ages, his books. His magnum opus became Italy and her Invaders, published in eight volumes.
He died at Falmouth on 2 March 1913. His and the Hodgkin family papers are held at the Wellcome Library in London.
The family of Thomas and Lucy Hodgkin is listed as:
George (1880-1918) married Mary Wilson. Their son, Alan Hodgkin, received the 1963 Nobel Prize in Physiology.
Lucy Violet Hodgkin, later Holdsworth, (1869-1954) was a writer and gave the 1919 Swarthmore Lecture under the title Silent Worship: The way of wonder.
L.V. Hodgkin assembled her father's letters and wrote a memorial to her brother, George, published in 1923 
Their daughter, Ellen Sophia Bosanquet wrote an autobiography, published by her daughter, Diana Hardman, as Late Harvest: Memories, letters poems.
His chief works are:
Italy and her Invaders (8 vols., Oxford, 1880-1899; vols. I, II, 1890, (revised 1892), vols. III, IV, 1892 (rev 1896), vols. V, VI, 1895, vols. VII, VIII, 1899); republished as The Barbarian Invasions of the Roman Empire, (8 vols., The Folio Society, 2001)