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.
In 1972 he received the Nobel Prize in Economic Sciences (jointly) for his pioneering contribution to general equilibrium theory and welfare theory.
Hicks died on 20 May 1989 at his home in the Cotswold village of Blockley at the age of 85.
References
This short article about a person or group of people can be made longer. You can help Wikipedia by adding to it.This article uses material from the Wikipedia Simple English article John Richard Hicks, which is released under the Creative Commons Attribution-ShareAlike 3.0 license ("CC BY-SA 3.0"); additional terms may apply (view authors). Content is available under CC BY-SA 4.0 unless otherwise noted. Images, videos and audio are available under their respective licenses.
®Wikipedia is a registered trademark of the Wiki Foundation, Inc. Wiki Simple English (DUHOCTRUNGQUOC.VN) is an independent company and has no affiliation with Wiki Foundation.