John Richard Hicks facts for kids
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Sir John Richard Hicks
Hicks in 1972
John Richard Hicks
8 April 1904
|Died||20 May 1989
Blockley, England, UK
|Institution||Gonville & Caius College, Cambridge
London School of Economics
University of Manchester
Nuffield College, Oxford
|Alma mater||Balliol College, Oxford|
|Influences||Léon Walras, Friedrich Hayek, Lionel Robbins, Erik Lindahl, John Maynard Keynes|
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. 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.
Hicks died on 20 May 1989 at his home in the Cotswold village of Blockley at the age of 85.
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