John Hicks

Sir John Richard Hicks (English: Sir John Richard Hicks, April 8, 1904 - May 20, 1989) was a British economist with outstanding achievements in microeconomics, macroeconomics, economic methodology, and economic history. In 1972 he shared the Nobel Prize in Economic Sciences with Kenneth Arrow. He is regarded as one of the most important and influential economists of the 20th century. His most famous contribution in economics is the IS-LM model, which summarizes Keynesian understanding of macroeconomics. Another notable contribution is his theory of consumers in microeconomics. The Nobel committee said he received the award for his "pioneering contributions to the theory of economic equilibrium and welfare theory in general."