The british economist john hicks is known for four contributions the first is his introduction of the idea of the elasticity of substitution while the concept is difficult to explain in a few words hicks used it to show contrary to the marxist allegations that labor saving technical progress . The economics of john hicks john richard hicks dieter helm home worldcat home about worldcat help search search for library items search for lists search for contacts search for a library create lists bibliographies and reviews or search worldcat find items in libraries near you . Sir john r hicks sir john r hicks english economist who made pioneering contributions to general economic equilibrium theory and in 1972 shared with kenneth j arrow the nobel prize for economics he was knighted in 1964 hicks made major contributions to many areas of 20th century economics four in. Sir john r hicks was a british economist who received the 1972 nobel memorial prize in economics along with kenneth arrow for his development of general equilibrium theory and welfare theory
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