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". NobelPrize.org.