Geoffrey Hodgson aims to demonstrate that social institutions play a central role in moulding preferences and guiding action.
Hodgson calls into question the tendency of economic method to explain all economic phenomena using the same catch-all theories. He argues that you need different theories and that historical contexts must be taken into account.
This Element examines the historical emergence of evolutionary economics and how it has embraced a diverse set of approaches. Its core ideas are compared... Læs mere
Hodgson calls into question the tendency of economic method to explain all economic phenomena using the same catch-all theories. He argues that you need different theories and that historical contexts must be taken into account.
The Wealth of a Nation sheds light on how external factors such as war gave rise to institutional arrangements that facilitated finance, banking, and investment, and offers a conceptual framework for further research into the origins and consolidation of capitalism in England.
The Wealth of a Nation sheds light on how external factors such as war gave rise to institutional arrangements that facilitated finance, banking, and investment, and offers a conceptual framework for further research into the origins and consolidation of capitalism in England.