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Saturday, July 26, 2008

John Hicks

Sir John R. Hicks (Warwick, England, 1904 - 1989) was one of the most important and influential economists of the twentieth century. Hicks was a professor at University of Oxford for most of his life and shared the Nobel Prize in 1972. He developed the famous "compensation" criteria called Kaldor-Hicks efficiency for welfare comparisons in 1939.

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