John Richard Hicks

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Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist. He contribted 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]

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