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John Hicks
John Hicks
Sir John Richard Hicks
(8 April 1904 – 20 May 1989) was a British
economist
. He is considered 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
(1937), which summarised 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.
In 1972 he received the
Nobel Memorial Prize in Economic Sciences
(jointly) for his pioneering contributions to
general equilibrium theory
and
welfare theory
.
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