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.
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
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
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 … - Sir John Richard Hicks
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 …
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 … - Sir John Richard Hicks
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 …
Investment is a flighty bird which needs to be controlled. - Sir John Richard Hicks
Investment is a flighty bird which needs to be controlled.
The best of all monopoly profits is a quiet life. - Sir John Richard Hicks
The best of all monopoly profits is a quiet life.
Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influ… - Sir John Richard Hicks
Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influ…
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