Sir John Richard Hicks Professions : EconomistBorn : April 8, 1904Died : May 20, 1989 Browse All Authors Top 6 quotes by Sir John Richard Hicks Investment is a flighty bird which needs to be controlled. Sir John Richard Hicks investmentbirdneeds We ought to define a man's income as the maximum value which he can consume during a week, and still expect to be as well off at the end of the week as he was at the beginning. Sir John Richard Hicks incomeweekmen The best of all monopoly profits is a quiet life. Sir John Richard Hicks monopoly-powereconomicsquiet The theory of the determination of wages in a free market is simply a special case of the general theory of value. Wages are the price of labour. Sir John Richard Hicks determinationbusinessspecial 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. Sir John Richard Hicks branchesintellectualgames Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error. Sir John Richard Hicks errorsconfusionintellectual Similar Authors Bryan Caplan economist Burton Malkiel economist Bruno Frey economist Brian Wesbury economist Branko Milanovic economist Andrew Samwick economistAll Authors
