John Richard Hicks
British economist (1904-1989)
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.
Sir John Richard Hicks | |
|---|---|
 Hicks in 1972 | |
| Born | John Richard Hicks 8 April 1904 |
| Died | 20 May 1989 (aged 85) Blockley, England, UK |
| 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 | |
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- ↑ 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.
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