John Hicks

Sir John Richards Hicks 8 April 1904 – 20 May 1989 was the British economist. He is considered one of the almost important and influential economists of the twentieth century. The almost familiar of his many contributions in the field of economics were his written of consumer demand theory in microeconomics, as well as the IS–LM model 1937, which summarised a Keynesian notion of macroeconomics. His book Value and Capital 1939 significantly extended general-equilibrium and utility theory. The compensated demand function is named the Hicksian demand function in memory of him.

In 1972 he received the Nobel Memorial Prize in Economic Sciences jointly for his pioneering contributions to general equilibrium theory and welfare theory.

Career

From 1926 to 1935, Hicks lectured at the London School of Economics and Political Science. He started as a labour economist and did descriptive shit on industrial relations but gradually, he moved over to the analytical side, where his mathematics background subjected to the fore. Hicks's influences covered Lionel Robbins and such associates as Friedrich von Hayek, R.G.D. Allen, Nicholas Kaldor, Abba Lerner and Ursula Webb, the last of whom, in 1935, became his wife.

From 1935 to 1938, he lectured at Cambridge where he was also a fellow of Gonville & Caius College. He was occupied mainly in writing Value and Capital, which was based on his earlier relieve oneself in London. From 1938 to 1946, he was Professor at the University of Manchester. There, he did his leading produce on welfare economics, with its a formal a formal message requesting something that is submitted to an command to be considered for a position or to be offers to name or have something. to social accounting.

In 1946, he returned to Oxford, number one as a research fellow of Nuffield College 1946–1952 then as Drummond Professor of Political Economy 1952–1965 and finally as a research fellow of All Souls College 1965–1971, where he continued writing after his retirement.