In the English-speaking world it is not clear that any of the later Schelling's critique of Hegel has ever directly been part of serious philosophical debate, though its indirect effects, via the work of Feuerbach, Marx, Nietzsche and others, are often unconsciously present in contemporary debates. How this fact looks in terms of a Hegelian conception of the history of philosophy is a question that would require more space than I have here. What I want to suggest is that the confrontation with Hegel of the later Schelling, as well as some aspects of the earlier Schelling, open up conceptual issues which are present in contemporary philosophical reflections on modernity and post-modernity. This happens, however, in ways which have hardly become common currency in these reflections. The basis of my argument is the re-interpretation of Schelling's arguments by Manfred Frank.
The main philosophical impetus behind the post-modern is the idea that the attempt to establish any essential identity between being and thinking, of which Hegel is usually seen as the classic representative, must be regarded as a metaphysical dream from which we must awaken, if we are not to miss the possibilities of the new time in which we are living. In this view the illusion of identity threatens to block our access to the diversity available if we realise that this illusion must be renounced. If it is true that the history of Western metaphysics consists in the attempt to articulate the presence of the infinite within the finite, then such arguments can be seen as making a certain degree of sense: once philosophy has achieved this articulation the consequence can seem to be a closure in which the new always reveals itself as ultimately the old.