John Hicks

Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist and 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 ofconsumer demand theory in microeconomics, and the IS/LM model (1937), which summarised a Keynesian view ofmacroeconomics. 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.
== Tossup Questions ==
# This man famously wrote that "the best of all monopoly profits is a quiet life" to defend his theory that firms with market power often operate inefficiently when there is no competition. In his best known work, he introduces the ideas of "composite commodities" and what he referred to as "temporary equilibrium." In addition to writing that work, (*) Value and Capital, he created a namesake synthesis of classical and Keynesian economics and introduced the idea of the liquidity trap. This British economist developed an IS-LM model named for himself and Alvin Hansen. This man co-names a situation where no actor can be made better off even if they are allowed to compensate others with Kaldor. For 10 points, name this economist who names a type of demand with fixed utility, often contrasted with Marshellian demand.