There are many economists who have played a big part in the economy. Their research and theory’s have made history, which has improved and helped the economy for numerous years. A British economist, Sir John Richard Hicks was one of the most important and influential economists of the 12th century. Hicks was born on 8th April 1904 and passed away at the age of 85 on 20 May 1989. He was known for the several contributions however mainly for his statement of consumer demand theory in microeconomics and IS/LM model, which was taken place in 1937. For more than fifty years various important contributions bubbled out from his pen. Hicks studied at Clifton College and Balliol College, Oxford during his early years and was financed by a mathematical scholarships. Hicks graduated with second-class honors and he states, "no adequate qualification in any of the subjects" that he had studied. Hick’s was the first British economist to receive the Nobel Prize in 1972 as his contributions in the field of economics was outstanding. Hicks moved on and lectured at the London School Of Economics and Political Science. He was influenced by many economists, one being Ursula Webb who ended up becoming his wife in 1935. As Hicks got older, the more experience and knowledge he gained. Further on in 1935 to 1938 he lectured at Cambridge and then made it to the Manchester University where he was the professor. Hicks did his central work at on the idea of welfare economics, with its application to social accounting. When Hick’s become retired he continued on to do research and make theories up for the field of economics. He received a co-recipient Nobel Prize with Kenneth J.Arrow in 1972. Elasticity of substitution was his first theory introduced, it is very difficult to explain however Hicks used it to do the opposite

The most familiar of his many contributions in the field of economics were his statement of consumer demand theory in microeconomics, and the IS/LM model (1937)

The compensated demand function is named the Hicksian demand function in memory of him.

Institution - London School of Economics
University of Manchester
Nuffield College, Oxford

Influences Friedrich Hayek, Lionel Robbins, John Maynard Keynes

Awards Nobel Memorial Prize in Economic Sciences (1972)

In 1972 John Hicks and kenneth arrow jointly received the Nobel Prize for economics “for their pioneering contributions to general economic equilibrium theory and welfare theory.” Educated at Balliol College, Oxford, John Hicks returned there as the Drummond Professor of Political Economy, a post he held until his retirement in 1965. In 1935 he married the economist Ursula Webb. He was knighted in 1964.

Bio

http://www.econlib.org/library/Enc/bios/Hicks.html

http://www.thefamouspeople.com/profiles/john-r-hicks-285.php#XpOqB7Picy0qT1MR.99

http://www.drkps.com/books/john-hicks-his-contributions-to-economic-theory-and-application.html

later life

-He wrote on many concepts including money and on international trade, growth and fluctuations, applied economics with a stress to problems of "developing" countries and many more. He became a member of Revenue Allocation Commission in Nigeria.