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J. R. Hicks

Deceased; formerly Drummond Professor · University of Oxford

Sir John Richard Hicks (1904-1989), British economist, Drummond Professor of Political Economy at Oxford 1952-1965. Known for the IS-LM model (1937) and general equilibrium and welfare theory; shared the 1972 Nobel Memorial Prize in Economic Sciences with Kenneth Arrow.

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Published Classic Econometrica Published Apr 1937

Mr. Keynes and the "Classics"; A Suggested Interpretation

J. R. Hicks

This paper, written within a year of the publication of Keynes's General Theory, asks how much of Keynes's theory is genuinely new by building a small formal model of the "classical" theory of income …

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