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

(1904-04-08)8 April 1904
Died20 May 1989(1989-05-20) (aged 85)
Blockley, England, UK
NationalityBritish
InstitutionGonville & Caius College, Cambridge
London School of Economics
University of Manchester
Nuffield College, Oxford
School or
tradition
Neo-Keynesian economics
Alma materBalliol College, Oxford
InfluencesLéon Walras, Friedrich Hayek, Lionel Robbins, Erik Lindahl, John Maynard Keynes
ContributionsIS/LM model
Capital theory, consumer theory, general equilibrium theory, welfare theory, induced innovation
AwardsNobel 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