Sir John Richard Hicks - Work

Sir John Hicks focused for much of his time on the theory of demand, and was instrumental in developing indifference curve theory. As a contrast though (and the reason he is included in our Virtual Economy), he also spent some time developing a macroeconomic framework to model the economy. In this he referred a good deal to the work of Keynes. This framework is known as IS-LM analysis, and is still a very useful tool in macroeconomics. His main works included:

• The theory of wages (1932)
• Value and capital (1939)
• A contribution to the theory of the trade cycle (1950)
• A revision of demand theory (1956)
• The crisis in Keynesian economics (1974)
• Causality in economics (1979)

For details of some of the theories in these works follow the links below to the page on theories.

Biography | Work | Theories