In Python 2, not inheriting from object
will create an old-style class, which, amongst other effects, causes type
to give different results:
>>> class Foo: pass
...
>>> type(Foo())
<type 'instance'>
vs.
>>> class Bar(object): pass
...
>>> type(Bar())
<class '__main__.Bar'>
Also the rules for multiple inheritance are different in ways that I won't even try to summarize here. All good documentation that I've seen about MI describes new-style classes.
Finally, old-style classes have disappeared in Python 3, and inheritance from object
has become implicit. So, always prefer new style classes unless you need backward compat with old software.