John Hicks, English economist and academic, Nobel Prize laureate (b. 1904)
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.
1989May, 20
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Events on 1989
- 15Apr
Tiananmen Square protests of 1989
Upon Hu Yaobang's death, the Tiananmen Square protests of 1989 begin in China. - 26Apr
Tiananmen Square protests of 1989
People's Daily publishes the April 26 Editorial which inflames the nascent Tiananmen Square protests - 27Apr
Tiananmen Square protests of 1989
The April 27 demonstrations, student-led protests responding to the April 26 Editorial, during the Tiananmen Square protests of 1989. - 20May
Tiananmen Square massacre
The Chinese authorities declare martial law in the face of pro-democracy demonstrations, setting the scene for the Tiananmen Square massacre. - 5Jun
Tiananmen Square protests of 1989
The Tank Man halts the progress of a column of advancing tanks for over half an hour after the Tiananmen Square protests of 1989.