A. Neumaier said:
I think you have a very valid point. QM and QFT are closely related, but there is no simple relationship between them, and this shows in the very different treatment they get in textbooks. In particular, the relationship is far more complicated than bhoppa paints it.
QM in the conventional axiomatic form is about small quantum systems and their interaction with external measurement devices. This is reflected in the fact that the axioms explicitly involve statements about the measurement process. The states of a system evolve by unitary time evolution whose generator is a Hamiltonian given by an explicit expression in a small set of basic observables.
In relativistic QFT one specifies a field operator at every point in space-time. Therefore there is no place for an outside observer to make a measurement with a classical apparatus. Therefore the conventional axioms for QM say nothing about relativistic QFT. The states of a system evolve by unitary time evolution whose generator is given (except for free fields) by a highly implicit construction involving renormalization.
On the other hand, QM and QFT share a common mathematical structure. In both theories, there is a*-algebra of quantities unitarily represented by operators on a Hilbert space, and a cone of states, positive linear functionals on this *-algebra. In both theories, Lie algebra techniques and hence commutation rules play an important role for the construction of the representations needed. Moreover, the asymptotic limit of the time evolution for ##t\to\pm\infty## leads in both cases to an S-matrix interpretable in terms of asymptotic free fields, one for each bound state. These asymptotic free fields have a many particle interpretation, which gives the link between QFT and QM.
It is not very difficult (though time-consuming, since there are lots of applications) to verify that this is the only link between QFT and QM exploited in the applications.