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Werner Sombart

In: Handbook of the History of Economic Thought

Author

Listed:
  • Helge Peukert

    (University of Erfurt)

Abstract

The “conception of capitalism as a historical formation with distinctive political and cultural as well as economic properties derives from the work of those relatively few economists interested in capitalism as a “stage” of social evolution. In addition to the seminal work of Marx and the literature that his work has inspired, the conception draws on the writings of Smith, Mill, Veblen, Schumpeter and a number of sociologists and historians, notably among them, Weber and Braudel. The majority of present-day economists do not use so broad a canvas, concentrating on capitalism as a market system, with the consequence of emphasizing its functional rather than its institutional or constitutive aspects” (Heilbroner 1988, p 350b).

Suggested Citation

  • Helge Peukert, 2012. "Werner Sombart," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), Handbook of the History of Economic Thought, chapter 0, pages 527-564, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4419-8336-7_21
    DOI: 10.1007/978-1-4419-8336-7_21
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