John Richard Hicks

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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]

References[change | change source]

  1. The Home Office (14 January 1964). "Notice of Investiture". London Gazette. HMSO. Retrieved 22 April 2011.
  2. "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972".