John R. Hicks

Facts

John R. Hicks

Photo from the Nobel Foundation archive.

John R. Hicks
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1972

Born: 8 April 1904, Warwick, United Kingdom

Died: 20 May 1989, Blockley, United Kingdom

Affiliation at the time of the award: All Souls College, Oxford, United Kingdom

Prize motivation: “for their pioneering contributions to general economic equilibrium theory and welfare theory”

Prize share: 1/2

Life

John Hicks was born in Warwick, UK. He studied mathematics, philosophy, politics and economics at Oxford University. From 1926-35, Hicks lectured at the London School of Economics and Political Science. He also taught at Cambridge University and the University of Manchester before returning to Oxford in 1946. Hicks married Ursula Webb in 1935.

Work

John Hicks made pioneering contributions to general economic equilibrium theory. In his work Value and Capital (1939), Hicks presented a complete economic equilibrium model with aggregated markets for commodities, factors of production, credit and money. Hick’s model became of great importance as connecting a link between general equilibrium theory and theories of business cycles.

To cite this section
MLA style: John R. Hicks – Facts. NobelPrize.org. Nobel Prize Outreach AB 2022. Sun. 3 Jul 2022. <https://www.nobelprize.org/prizes/economic-sciences/1972/hicks/facts/>

Back to top Back To Top Takes users back to the top of the page

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.