Lib Quotes
  • Authors
  • Topics
  • Lists
  • Pictures
  • Resources
  • More about Geoffrey Hodgson

Geoffrey Hodgson Quotes

2 Sourced Quotes

    • Source
    • Report...
Some institutions within the market are associated with exchange and contracts in an elemental sense (such as the legal system and the customs which govern the contract)... These would be present even if a formal market did not exist. Other institutions are specifically to do with the development of a market and the coordination of a large number of exchanges in an organized manner.

Geoffrey Hodgson
    • Source
    • Report...
The firm as a relatively durable organizational structure is able to deal with the lack of knowledge about the future fruits of research and development and innovation. Its relative internal stability means that it can carry unquantifiable risks which would be eschewed in the volatility of the market. In particular large firms are able to set up and sustain R&D departments with their own funds. It is widely recognized that atomized, small-scale private enterprise is not well able to make such long-term commitments.

Geoffrey Hodgson

Quote of the day

Policemen so cherish their status as keepers of the peace and protectors of the public that they have occasionally been known to beat to death those citizens or groups who question that status.
David Mamet

Geoffrey Hodgson

Geoffrey Hodgson
Creative Commons

Born: July 28, 1946 (age 78)
Bio: Geoffrey Martin Hodgson is a Research Professor of Business Studies in the University of Hertfordshire, and also the editor-in-chief of the Journal of Institutional Economics.
Known for:
  1. The evolution of institutional economics (2004)

WikipediaGeoffrey Hodgson on Wikipedia

Suggest an edit or a new quoteSuggest an edit or a new quote

British Economist Quotes
Economist Quotes
20th-century Economist Quotes

Related Authors

Thorstein Veblen
Thorstein Veblen
American Academic

Charles Darwin
Charles Darwin
British Naturalist

Featured Authors

Michel de MontaigneElvis PresleyWilliam ShakespeareMartin LutherPope John Paul IIStephen HawkingTerenceGroucho MarxMontesquieuBob DylanBertolt BrechtFyodor Dostoyevsky

Lists

Predictions that didn't happen

Predictions that didn't happen

If it's on the Internet it must be true

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Remarkable Last Words (or Near-Last Words)

Picture Quotes

If you see what is right and fail to act on it, you lack courage.

Confucius

I have a heart with room for every joy.

Philip James Bailey

Life was meant to be lived, and curiosity must be kept alive.

Eleanor Roosevelt

A great change in life is like a cold bath in winter — we all hesitate at the first plunge.

Letitia Elizabeth Landon

Popular Topics

  • life
  • love
  • nature
  • time
  • god
  • power
  • human
  • mind
  • work
  • art
  • heart
  • thought
  • men
  • day
Lib Quotes

100% Sourced Quotes.

Our motto is: Don't quote it if you can't source it.

Contact us

Social Media

  • Facebook
  • Instagram
  • X (Twitter)
  • Pinterest

Recent

Predictions that didn't happen

If it's on the Internet it must be true

Remarkable Last Words (or Near-Last Words)

Subscribe to our Newsletter:
Quote of the Day
JS and WordPress
Subscribe
to RSS Feeds
© 2017-2025 LibQuotes
Terms of Use / Privacy Policy / About Us

Lib Quotes