Werner Sombart

Helge Peukert ()
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Helge Peukert: University of Erfurt

Chapter Chapter 21 in Handbook of the History of Economic Thought, 2012, pp 527-564 from Springer

Abstract: 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).

Keywords: Economic System; Mainstream Economic; Cultural Economic; Modern Capitalism; Historical School (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-1-4419-8336-7_21

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DOI: 10.1007/978-1-4419-8336-7_21

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