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Sir John Richard Hicks ( April 8, 1904 - May 20, 1989) was one of the most important and influential economists of the twentieth century. Hicks was a professor at University of Oxford for most of his life and shared the Bank of Sweden Prize in Economic Sciences in 1972. He developed the famous "compensation" criteria called Kaldor-Hicks efficiency for welfare comparisons in 1939. He collaborated much with the economist Sir R G D Allen also a Professor at LSE.Hicks was born in Leamington Spa in Warwickshire, England. His most influential contribution has come to be called the Hicks-Hansen IS-LM Model which, based on the theories of John Maynard Keynes (See Keynsianism, MacroeconomicsMacroeconomics is the study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices. Macroeconomics can be used to analyse), describes the economy as a balance between three commodities: money, consumption and investment.
1 See also
- List of economistsEconomists are scholars conducting research in the field of economics. Alphabetical list Below is a list of well-known economists. For quick navigation, select one of these letters: A George Akerlof Maurice Allais Roy G D Allen Elisabeth Altmann-Gottheine
- List of economics consultancies and think tanksThis is a list of economic consultancies and think tanks Well-known think tanks Canada Atlantic Institute for Market Studies C. Howe Institute Canadian Institute of International Affairs Caledon Institute on Social Policy Canada West Foundation Canadian C
- Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel
- LiberalismLiberalism is a political current embracing several historical and present-day ideologies that claim defense of individual liberty as the purpose of government. It typically favors the right to dissent from orthodox tenets or established authorities in po
- List of liberal thinkers
2 External links
Hicks, John
Hicks, John
Hicks, John
Hicks, John
