sir john richard hicks

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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 business-cycle theory and the equilibrium theory, which holds that economic forces tend to balance one another rather than simply reflect cyclical trends. He shared the 1972 Nobel Prize with Kenneth Arrow
sir john richard hicks

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    sir John Rich·ard Hicks

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    sır cän rîçırd hîks

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    /ˈsər ˈʤän ˈrəʧərd ˈhəks/ /ˈsɜr ˈʤɑːn ˈrɪʧɜrd ˈhɪks/