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John Hicks
Neo-Keynesian economics
Birth 8 April 1904(1904-04-08)
Warwick, England
Death 20 May 1989 (aged 85)
Blockley, England
Nationality  United Kingdom
Institution Nuffield College, Oxford
University of Manchester
London School of Economics
Field Macroeconomics
Alma mater Balliol College, Oxford
Influences 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

Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist and one of the most important and influential economists of the twentieth century. The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS/LM model, which summarized a Keynesian view of macroeconomics. From 1938 to 1946 he was Professor at the University of Manchester. It was there that he did his main work on welfare economics, with its application to social accounting. Sir John Hicks received the Nobel Prize in Economic Sciences (jointly) in 1972 for his pioneering contribution to general economic equilibrium theory and welfare theory.

He taught at the London School of Economics from 1926 to 1935, and his most well-known work is Value and Capital, written while he was at LSE and published in 1939. By being deeply anchored in theories of the behavior of consumers and of entrepreneurs, John Hicks' model offered far better possibilities to study the consequences of changes in externally given variables than earlier models in this field, and Hicks succeeded in formulating a number of theorems. He donated the Nobel Prize to the School's Library Appeal in 1973.[1]

The compensated demand function is named the Hicksian demand function in memory of him.

References

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