John hicks economist biography of rory
John Richard Hicks - New World Encyclopedia.
John hicks economist biography of rory
John R. Hicks: Early Life, Accomplishments, Legacy
John Richard Hicks was a British neo-Keynesian economist. Hicks was born in the United Kingdom in 1904 and studied at Oxford University where he also lectured.
During his career, Hicks became well known for his contributions to labor economics, utility and price theory, macroeconomics, and welfare economics. He received the 1972 Nobel Memorial Prize in Economics, sharing it with Kenneth Arrow for their advancement of general equilibrium theory and welfare theory.
Key Takeaway
- John R. Hicks was a neo-Keynesian economist.
- He was noted for his wide-ranging contributions to microeconomic and macroeconomic theory.
- His major contributions to economic theory include the advances in microeconomic price and utility theory, the Hicks compensation test in welfare economics, and the IS-LM model in macroeconomics.
- Hicks was awarded the Nobel Prize in 1972 for his work in general equilibrium and welfare economics.
- Hicks was born in