...Luca Fiorito This article assesses John R. Commons's adoption of Wesley N. Hohfeld's framework of jural opposites and correlatives in order to construct his transactional approach to the study of institutions. Hohfeld's influence on Commons, it is argued, was both positive and negative. On the one...

... : 267 – 335 . ———. 2009 . “Frank H. Knight, Pragmatism, and American Institutionalism: A Note.” European Journal of the History of Economic Thought 16 ( 3 ): 475 – 87 . ———. 2010 . “John R. Commons, Wesley N. Hohfeld, and the Origins of Transactional Economics.” History of Political...

... that collective action will prevent others from interfering with him. In discussion below I have termed the rights and liberties created for the individual by the working rules of a going concern his “field of opportunity” in that concern. Commons often employed an amended version of the Hohfeld...

... coercion and the privilege to injure, authors such as Oliver W. Holmes, Wesley N. Hohfeld, and Robert L. Hale would argue that the marketplace is hardly a locus of freedom and equality, and even less a natural occurrence, being instead the deliberate outcome of a myriad of complex legal rules that protect...