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John Richard Hicks

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Sir John Richard Hicks
Hicks in 1972
John Richard Hicks

(1904-04-08)8 April 1904
Died20 May 1989(1989-05-20) (aged 85)
Blockley, England, UK
InstitutionGonville & Caius College, Cambridge
London School of Economics
University of Manchester
Nuffield College, Oxford
School or
Neo-Keynesian economics
Alma materBalliol College, Oxford
InfluencesLéon Walras, Friedrich Hayek, Lionel Robbins, Erik Lindahl, John Maynard Keynes
ContributionsIS/LM model
Capital theory, consumer theory, general equilibrium theory, welfare theory, induced innovation
AwardsNobel 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]


[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". NobelPrize.org.
  3. john hicks – British Academy Retrieved 15 January 2018.