John R Hicks Biography
Sir John Richard Hicks was a British economist and Nobel Laureate, who had made many important contributions to economic science. He had an extraordinary talent to think ahead of time and his theories are regarded as standard economic theories even today. No wonder he is esteemed as one of the most important and influential economists of the twentieth century. He worked in line with consumer demands and contributed much in this direction. Many of his works like IS/LM model, Value and Capital, etc. were popular among economic aspirants. His unparalleled effort to revive economics and his urge to learn more and more was recognized by the world and he was honored with the prestigious Nobel Prize in 1975. An insatiable hunger for knowledge followed him throughout his life and he did several research studies to quench this. He was a research fellow in much prestigious institution and never hesitated to share the knowledge he gathered. Want to know more about Sir John Richard Hicks? Read on!
- He became a Fellow of the British Academy in 1942.
- He became a foreign member of the Royal Swedish Academy in 1948, Accademia dei Lincei, Italy and of the American Academy in 1958.
- He was an honorary fellow of Nuffield College, Oxford, since 1958.
- He was President of the Royal Economic Society, 1960-62.
- He was an honorary fellow of Gonville and Caius College, Cambridge, since 1971.
- He was an honorary doctor of a number of British Universities like Glasgow, Manchester, Leicester, East Anglia and Warwick and the Technical University of Lisbon. I
- He was knighted in 1964.
- He received the Nobel Prize in Economic Sciences along with Kenneth Arrow in 1972 “for pioneering contributions to general economic equilibrium theory and welfare theory” and donated it to the London School of Economics and Political Science's Library Appeal, 1973.
- "Theory of Uncertainty and Profit" (1931)
- “The Theory of Wages” (1932)
- "The Theory of Monopoly" (1935)
- “Value and Capital: An inquiry into some fundamental principles of economic theory” (1939).
- “Taxation and War Wealth (1941)
- "The Rehabilitation of Consumers' Surplus" (1941)
- "Saving and the Rate of Interest in War-Time" (1941)
- "Education in Economics" (1941)
- "Consumers' Surplus and Index-Numbers" (1942)
- "World Recovery After War" (1947)
- "The Measurement of Real Income" (1958)
- “Essays in World Economics” (1959)
- "Linear Theory" (1960)
- "Liquidity" (1962)
- “Capital and Growth” (1965)
- "Growth and Anti-Growth" (1966)
- “Critical Essays in Monetary Theory” (1967)
- “A Theory of Economic History” (1969)
- “Economic Perspectives” (1976 and 1977)
- “A Market Theory of Money” (1989)
JOHN R HICKS TIMELINE
John Hicks was born in Warwick, England.
Enrolled at Clifton College.
Jon Hicks joined Balliol College, Oxford.
Decided to pursue Economics.
Married Ursula Webb, an Irish-born economist. In the same year, he became a fellow of Gonville & Caius College and lectured at Cambridge.
John Hicks joined ‘The University of Manchester’ as a professor.
Became a ‘fellow’ at the British Academy.
John Hicks returned to Oxford and joined Nuffield College as a research fellow.
John Hicks became a foreign member of the Royal Swedish Academy.
Became a member of Revenue Allocation Commission in Nigeria.
John Hicks became a member of American Academy.
Became the President of the Royal Economic Society.
John Hicks was knighted.
John Hicks joined All Souls College as a research scholar.
John Hicks became an honorary fellow of Gonville & Caius College, Cambridge.
Received the Nobel Prize in economic sciences along with Kenneth Arrow.
John Hicks’s wife died.
John Hicks passed away.
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