John Hicks
John Hicks
Sir John Richard Hickswas 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 of consumer demand theory in microeconomics, and the IS/LM model, which summarised a Keynesian view of macroeconomics. His book Value and Capitalsignificantly extended general-equilibrium and value theory. The compensated demand function is named the Hicksian demand function in memory of him...
ashamed branches economic good hold pursued reason since theory
There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.