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Definition: Hicks, Sir John Richard from Chambers Biographical Dictionary

1904-89

English economist and Nobel Prize winner

Born in Leamington Spa, Warwickshire, he was educated at Clifton College and Balliol College, Oxford. He taught at the London School of Economics (1926-35), and was professor of political economy at Manchester (1938-46) and Oxford (1952-65). He wrote a classic book on the conflict between business-cycle theory and equilibrium theory, Value and Capital (1939), and other works include A Theory of Economic History (1969) and Causality in Economics (1979). He shared the 1972 Nobel Prize in economics with Kenneth Arrow.


Hicks, John Richard

From The Hutchinson Unabridged Encyclopedia with Atlas and Weather Guide
English economist. Hicks is celebrated for his invention of the IS–LM diagram, which expounds the true meaning of English economist John Maynard Keynes 's General Theory. He shared the Nobel Prize for Economics in 1972 with US economist Kenneth Arrow for his contributions to general economic equilibrium theory. Much of Hicks's work has become a standard part of the tool kit of modern economists: his early work on the marginal productivity theory of distribution; his subsequent contributions to the New Welfare Economics; his invention of the IS–LM diagram; his masterpiece Value and Capital (1939), which taught a whole generation of economists to employ indifference curves and general equilibrium theory; and his more recent synthesizing work on growth theory. The IS–LM apparatus is a perfect example of Hicks's unusual ability to synthesize the ideas of other economists. This is a diagram in which the whole of Keynes's General Theory is expressed as an intersection of two curves, one…
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Full text Article Hicksian income

From Dictionary of Energy
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HICKS SIR, JOHN RICHARD; ARROW, KENNETH JOSEPH
Nationality: British b. 8 April 1904, Warwick, UK; d. 20 May 1989, Blockley, UK Nationality: American b. 23 August 1921, NY, USA; d. 21 February 2017, Palo Alto, CA, USA For their pioneering contributions to general economic equilibrium theory and welfare theory Arrow obtained his Ph.D. from the…
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Full text Article Hicks, Sir John R(ichard)

From Britannica Concise Encyclopedia
(born April 8, 1904, Leamington Spa, Warwickshire, Eng.—died May 20, 1989, Blockley, Gloucestershire) British economist. He taught at several institutions, notably the University of Oxford, and he was knighted in 1964. His classic work Value and Capital (1939) helped resolve basic conflicts between…
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GOVERNMENT SPENDING BOOSTS THE ECONOMY BY MORE THAN WHAT IS SPENT: THE KEYNESIAN MULTIPLIER
IN CONTEXT FOCUS The macroeconomy KEY THINKER John Maynard Keynes (1883–1946) BEFORE 1931 British economist Richard Kahn sets out an explicit theory to explain the multiplying effects of government spending suggested by John Maynard Keynes. AFTER 1971 Polish economist Michal Kalecki further develops…
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Full text Article Quotations by Author

From Chambers Dictionary of Great Quotations
Abbott, Diane Julie 1953- Abelard, Peter 1079-1142 Abercrombie, Lascelles 1881-1938 Abrams, M(eyer) H(oward) 1912- Abse, Dannie 1923-2014 Abu’l-’Alá, Al-Ma’arri 973-1058 Abzug, Bella originally Bella Savitzky 1920-98…
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Honour follows, though unsought for
ARTHUR PATRICK CHICHESTER , 8th Marquess; b 9 May 1952; s 2007; ed Harrow, and RAC Cirencester; late Lt Coldstream Gds; Hereditary Lord High Admiral of Lough Neagh, and Gov of Carrickfergus Castle: m 1989, Caroline Mary, elder da of late Maj Christopher Roland Philipson, Life Gds, of Lofts Hall, …
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Full text Article CAREW (E) 1661, of Haccombe, Devonshire

From Debrett's Peerage & Baronetage 2008
Nil conscire sibi -Conscious of no guilt
Sir RIVERS VERAIN CAREW , 11th Baronet ; b 17 Oct 1935; s his father, Sir THOMAS PALK , 1976; ed St Columba's Coll, co Dublin, and Dublin Univ (BAgric (Hort), MA); author of Figures out of Mist : m 1st, 1968 ( m diss 1991), Susan Babington, da of late Harold Babington Hill, of London; 2ndly, 1992 ( …
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Full text Article Chronology of Writers

From Encyclopedia of African-American Writing
1700-1749 Hammon, Briton (1700s) Fortune, Amos (1710?-1801) Hammon, Jupiter (1711-c. 1806) Smith, Venture (c. 1729-1805) Terry, Lucy (c. 1730-1821) Banneker, Benjamin (1731-1806) George, David (1742-1810) Equiano, Olaudah (c. 1745-1797) 1750-1799 Hall, Prince (?-1807) Lyndon, Cesar (?-1794) Tanner, …
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While I breathe I hope
HENRY (HARRY) BENEDICT CHARLES DILLON , 22nd Viscount; b 6 Jan 1973; s 1982; is Count Dillon in France ( cr 1711). Arms — Quarterly: 1st and 4th argent, a lion passant, between three crescents gules, Dillon ; 2nd and 3rd argent, a fesse between three crescents sable, Lee . Crest — A demi-lion gules, …
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In the previous chapter it was pointed out that although there was a dearth of independent departments of sociology in Australia prior to the 1950s, there were sociological works and courses of teaching. These took place within other university disciplines, within the classes of the Workers’ …
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