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“The best of all monopoly profits is a quiet life.”
“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 pure mathematics.”
“Income No. 3 must be defined as the maximum amount of money which the individual can spend this week, and still be able to spend the same amount in real terms in each ensuing week.”
“So long as we confine our attention to income from property, and leave out of account any increment or decrement in the value of prospects due to changes in people's own earning power (accumulation or decumulation of “Human Capital”), Income No. 1 ex post is not a subjective affair, like other kinds of income; it is almost completely objective.”
“It is not so well known that it [Keynes's and my own move from thinking in terms of price-levels and the rate of interest to thinking in terms of inputs and outputs] is matched by a movement from Hayek to Harrod. I once asked Harrod what had put him on to the construction of his so-call 'dynamic' theory; he said, to my surprise, that it was thinking about Hayek.”
“I did not begin from Keynes: I began from Pareto, and Hayek.”
Quotes via Wikiquote (CC BY-SA), each with its original source.
Not who you're looking for? Others named John Hicks: American professional baseball player · American football player (1951-2016) · British Army officer (c. 1780–1838) · American jazz pianist and composer (1941-2006)
John Hicks (10 December 1850 – 10 June 1912) was an English first-class cricketer, who played fifteen games for Yorkshire County Cricket Club between 1872 and 1876. He also played first-class games for the North of England (1872–1875), United North of England Eleven (1872–1874) and Players of the North (1876).
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