John Hicks, English economist and academic, Nobel Prize laureate (d. 1989)
Sir John Richards Hicks (8 April 1904 – 20 May 1989) was a British economist. He is considered one of the most important and influential economists of the twentieth century. 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), which summarised a Keynesian view of macroeconomics. His book Value and Capital (1939) significantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him.
In 1972 he received the Nobel Memorial Prize in Economic Sciences (jointly) for his pioneering contributions to general equilibrium theory and welfare theory.
1904Apr, 8
John Hicks
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Events on 1904
- 17Jan
The Cherry Orchard
Anton Chekhov's The Cherry Orchard receives its premiere performance at the Moscow Art Theatre. - 3Mar
Thomas Edison
Kaiser Wilhelm II of Germany becomes the first person to make a sound recording of a political document, using Thomas Edison's phonograph cylinder. - 8Apr
The Book of the Law
British mystic Aleister Crowley transcribes the first chapter of The Book of the Law. - 5May
Cy Young
Pitching against the Philadelphia Athletics at the Huntington Avenue Grounds, Cy Young of the Boston Americans throws the first perfect game in the modern era of baseball. - 16Nov
Vacuum tube
English engineer John Ambrose Fleming receives a patent for the thermionic valve (vacuum tube).