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Werner Sombart on Capitalism

1863–1941 Germany

← All quotes by Werner Sombart

2 quotes

Capitalism designates an economic system significantly characterized by the predominance of "capital." Capitalism and double entry bookkeeping are absolutely indissociable; their relationship to each other is that of form to content.

Capitalism was born from the money loan. Money lending contains the root idea of capitalism. Turn to the pages of the Talmud and you will find that the Jews made an art of lending money. They were taught early to look for their chief happiness in the possession of money. They fathomed all the secrets that lay hid in money. They became Lords of Money and Lords of the World.

Attribution

Quotes and notes from Wikiquote: Werner Sombart (page history), available under CC BY-SA 4.0.