Sir John Hicks (1904 1989) was a leading economic theorist of the
twentieth century, and along with Kenneth Arrow was awarded the
Nobel Prize in 1972. His work addressed central topics in economic
theory, such as value, money, capital and growth. An important
unifying theme was the attention for economic rationality 'in time'
and his acknowledgement that apparent rigidities and frictions
might exert a positive role as a buffer against excessive
fluctuations in output, prices and employment. This emphasis on the
virtue of imperfection significantly distances Hicksian economics
from both the Keynesian and Monetarist approaches. Containing
contributions from distinguished theorists in their own right
(including three Nobel Prize winners), this volume examines Hicks's
intellectual heritage and discusses how his ideas suggest a
distinct approach to economic theory and policy making. It will be
of great interest to scholars and students of economic theory and
the history of economic thought.
General
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