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Notes -
Adding this for further context:
The development of capitalism is divided into three stages.[6] The first volume of Der moderne Kapitalismus published in 1902, deals with proto-capitalism, the origins and transition to capitalism from feudalism,[7] and the period he called early capitalism – Frühkapitalismus – which ended before the Industrial Revolution.[8] In his second volume, which he published in 1916, he described the period that began c. 1760, as high capitalism – Hochkapitalismus.[9] The last book, published in 1927, treats conditions in the 20th century. He called this stage late capitalism – Spätkapitalismus, which began with World War I.[2]
https://en.wikipedia.org/wiki/Werner_Sombart#Middle_career_and_sociology
In somewhat comical fashion, Wikipedia authors examined Sombart himself and drew similar biographical conclusions:
As a young man, Sombart was a socialist who associated with Marxist intellectuals and the German Social Democratic Party. Friedrich Engels praised Sombart's review of the first edition of Marx's Das Kapital Vol. 3 in 1894, and sent him a letter.[9] As a mature academic who became well known for his own sociological writings, Sombart had a sympathetically critical attitude to the ideas of Karl Marx — seeking to criticize, modify and elaborate Marx's insights, while disavowing Marxist doctrinairism and dogmatism.
https://en.wikipedia.org/wiki/Late_capitalism#Initial_use_of_the_term
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