The Comparison Of The Dynamic Theory About Capitalism Raised By Smith And Sombart

Adam Smith and Werner Sombart are both professors in the field of economic ethics,inthe face of the origin of capitalism development problem, they studied deeply but gotdifferent conclusion.Adam Smith thought that thrift is the genetic motivity, in the early risingstage of capitalism,backing the social background and cultural thoughts,he started finding therelationship between accumulation and consumption rationally from the angle ofeconomics,and then he affirmed the inner spirit of thrift from ethics,through summarizingSmith revealed the value of thrift as original motivity.Sombart concentrated historical factsand consumption data,explored the definition,origin,development and nature,of luxurydeeply,he analyzed the uniformity of the luxury and capitalism,luxury and capitalist economicand social life influencing and promoting each other, in his mind,finally determining theluxury is the driving force of capitalism.Smith’s theory of thrift and extravagance power Sombart as two different theoreticalperspectives, through research to rationalize the relationship between production andconsumption,establishs the reasonable way of consumption, it can play an important role inhandling the relationship between the thrift, luxury and development on the way to realizingthe "Chinese dream".