Geoffrey Hodgson

Geoffrey Hodgson is a scholar who studies economics and organizational theory, focusing on how institutions and human practices shape markets and businesses. He emphasizes that economic activity is rooted in social rules, historical context, and the behaviors of people within organizations, rather than just abstract models or free markets. Hodgson advocates for understanding the role of institutions, culture, and management practices to better explain economic development and business success. His work challenges simplified economic theories, highlighting the importance of social and historical factors in shaping economic outcomes.