Can an anti-Semite reach correct conclusions about Jews? Here is Jeffrey Herf in his book Reactionary Modernism on the work of Werner Sombart, a leading German sociologist of the early twentieth century:
“Sombart stressed four aspects of European Jewish social history that contributed to the origins of modern capitalism. First, the Jews were dispersed in different countries and thus had international contacts. Second, their existence as outsiders forced them to be more attentive to new economic opportunities and to favor economic rationalism over local custom and tradition. Third, because Jews had been excluded from full citizenship rights, they turned their attention away from politics to economics. Fourth, Jewish wealth made banking and lending possible, activities from which modern capitalism was born.”
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