 On the History of Economic Systems:Werner Sombart and J.R. Hicks ComparedYasuhiro Sakai ()
No 34, Discussion Papers CRR Discussion Paper Series A: General from Shiga University, Faculty of Economics,Center for Risk Research Abstract: This paper aims to discuss the relationship between economic theory and market economy from a new angle. In particular, Werner Sombart and John R. Hicks, two giants in studies of such relationship, will be critically evaluated and carefully compared. Sombart is now an almost forgotten economic historian, but his work on the role of capitalist spirit played in the three stages of capitalism is worthy of serious investigation. Hicks is mainly regarded as an important theoretician of general equilibrium and welfare, but his later work on economic history is also worthy of serious consideration. Hicks pays special attention to the role of merchant in the exchange economy. By comparing the works of Sombart and Hicks in many ways, we can shed new light on the immortal problem of the relationship between Theory and History. It is remarkable to see that the Ohmi merchants of Japan are famous traders with strong capitalist spirit a la Sombart. We can expect to learn new lessons from old teachings. Keywords: theory and history; W. Sombart; capitalist spirit; J.R. Hicks; exchange economy; Ohmi merchant (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:shg:dpapea:34 Access Statistics for this paper More papers in Discussion Papers CRR Discussion Paper Series A: General from Shiga University, Faculty of Economics,Center for Risk Research Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.