Hodges was born in London, probably in 1645, and died there on 31 July 1714. His early career is obscure, but he is known to have been the son of a London merchant and probably entered and later took over his father's business. Hodges built up a large overseas trading business, with particularly strong connections in Spain, establishing a partnership with two other London merchants in Cadiz around 1690. In exchange for arranging loans for the government, he was created a baronet in 1697. He seems to have been popular as well as wealthy, and a large crowd attended his funeral.
From The Biographical Dictionary of British Economists in Oxford Reference.