J.R. Commons

John R. Commons was an influential American economist and social reformer in the early 20th century. He is best known for his work on labor economics and his advocacy for workers' rights, emphasizing the importance of collective bargaining. Commons introduced concepts such as "collective goods" and "social control," highlighting how social institutions shape economic behavior. His ideas contributed to the development of institutional economics, which examines the role of institutions in economic life. Commons also played a key role in shaping labor policies, including minimum wage laws and employment regulations, reflecting his commitment to social justice and economic fairness.