John Richard Hicks
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Sir John Richard Hicks | |
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![]() Hicks in 1972 | |
Born | John Richard Hicks 8 April 1904 |
Died | 20 May 1989 Blockley, England, UK | (aged 85)
Nationality | British |
Institution | Gonville & Caius College, Cambridge London School of Economics University of Manchester Nuffield College, Oxford |
School or tradition | Neo-Keynesian economics |
Alma mater | Balliol College, Oxford |
Influences | Léon Walras, Friedrich Hayek, Lionel Robbins, Erik Lindahl, John Maynard Keynes |
Contributions | IS/LM model Capital theory, consumer theory, general equilibrium theory, welfare theory, induced innovation |
Awards | Nobel Memorial Prize in Economic Sciences (1972) |
Information at IDEAS / RePEc |
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist. He contributed to the fields of consumer demand theory in microeconomics. In 1937, he developed the IS/LM model which summarizes a Keynesian view of macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him.
He was made a Knight Bachelor in 1964.[1]
In 1972 he received the Nobel Prize in Economic Sciences (jointly) for his pioneering contribution to general equilibrium theory and welfare theory. [2]
Hicks died on 20 May 1989 at his home in the Cotswold village of Blockley at the age of 85.[3]
References
[change | change source]- ↑ The Home Office (14 January 1964). "Notice of Investiture". London Gazette. HMSO. Retrieved 22 April 2011.
- ↑ "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972". NobelPrize.org.
- ↑ john hicks – British Academy Retrieved 15 January 2018.