This biographical review of the life and works of John Hicks covers his contributions to numerous fields, and in each case assesses the particular contributions for which he was responsible. The fields concerned are The Theory of Wages, Value Theory, Welfare Economics, The Keynesian Revolution, Monetary Theory, Growth and Capital Theory, and Other Topics. An extensive bibliography of Hicks’s writings is provided. Two points that are stressed are the unusual departure point for Hicks’s thought in the general equilibrium ideas of European economists, and the radical effect on Hicks of Keynes’s ideas.
Austrian economics Capital measurement Cardinal utility Causality in economics Chamberlin, E. H. Compensation test Consumer surplus Consumption function Economic dynamics Economic history Elasticity of expectations Elasticity of substitution Excess demand Firm, theory of the Fixprice versus flexiprice economy General equilibrium Growth theory Hicks, J. R. Hicks, U.K. Hicksian stability condition Hicksian substitution effect Income measurement Indirect taxation Induction Inflation Intertemporal equilibrium IS–LM model Kaldor, N. Keynes, J. M. Marginal and average cost pricing Marginal efficiency of capital Methodology of econometrics Monetary theory Multiplier–accelerator interaction Neoclassical synthesis New welfare economics Nominal income Ordinal utility Price theory Probability Public expenditure Robinson, J. V. Samuelson, P. A. Scitovsky, T. Simultaneous differential equation system Slutsky, E. Social accounting Social income Social welfare function Temporary equilibrium Traverse Underconsumptionism Value judgements Value theory Von Neumann model of capital accumulation causality Wage flexibility Wages theory Waiting Welfare economics
This is a preview of subscription content, log in to check access
Kaldor, N. 1939. Welfare propositions in economics and interpersonal comparisons of utility. Economic Journal 49: 549–552.CrossRefGoogle Scholar
Little, I.M.D. 1950. A critique of welfare economics. Oxford: Clarendon Press.Google Scholar
Samuelson, P.A. 1947. Foundations of economic analysis. Cambridge, MA: Harvard University Press.Google Scholar