Werner Sombart was a German economist, historian and sociologist. Head of the "Youngest Historical School," he was one of the leading Continental European social scientists during the first quarter of the 20th century. The term "late capitalism" is accredited to him. The concept of "creative destruction" associated with capitalism is also of his coinage.
Biography
Werner Sombart was a German economist, historian and sociologist. Head of the "Youngest Historical School," he was one of the leading Continental European social scientists during the first quarter of the 20th century. The term "late capitalism" is accredited to him. The concept of "creative destruction" associated with capitalism is also of his coinage.
