World War II may have ended fifty years ago, yet it is clear that numerous evaluations, interpretations, and assessments made by historians and scholars on this period in Southeast Asian history have not sufficiently reflected the intrinsic values of the wartime events, personalities, and developments involved. This is particularly true in the case of two wartime leaders in Thailand — Field Marshal Phibunsongkhram and Pridi Phanomyong. The article attempts to re-assess and update both their place in Thai history and their contributions to the socio-political development of the country.