Table of Contents

LUGS, Trade Theory, and Gatt Rules 3 Income, Wealth, and the Theory of Consumption 4 Taste and Quality Change in the Pure Theory of the True Cost-of-Living Index 5 Measuring the Quantities of Fixed Factors 6 What is a Model? 1 Normal Backwardation 8 Wicksell on the Facts: Prices and Interest Rates, 1844 to 1914 9 A Partial Theoretical Solution of the Problems of the Incidence of Import Duties 10 Time, Interest, and the Production Function 11 The Principle of Two-stage Maximization in Price Theory 12 Two Classical Monetary Models 13 Information and Period Analysis in Economic Decisions 14 On Hicksian Stability 15 Accumulation Programs of Maximum Utility and the von Neumann Facet 16 Free Trade and Development Economics 17 An Economic Test of Sir John Hicks's Theory of Biased Induced Inventions 18 Hicksian Stability, Currency Markets, and the Theory of Economic Policy 19 Two Generalizations of the Elasticity of Substitution 20 Short-run Adjustment of Employment to Output 21 Time Preference, the Consumption Function, and Optimum Asset Holdings 22 The Demand for Money Expectations and Short and Long Rates

About the Author

J.N. Wolfe was professor of economics at the University of Edinburgh until his retirement.

Reviews

-This is a beautifully printed book containing twenty-two papers, some of which are excellent and most of which are worthwhile. . . . There really is no satisfactory way of reviewing this volume. Hicks has made serious contributions to so many branches of our subject that it is natural to find a very wide variety of topics covered in this volume, which takes on the appearance of an exceptionally fat issue of a good journal of economic theory. . . . Professor Hicks will surely be satisfied with the much deserved tributes here assembled.- --F. H. Hahn, Economica -This is a fitting tribute to Sir John Hicks, who has perhaps done more than anybody else for the development of contemporary economics in the Western world. Most of the great contributions of Sir John to our knowledge in almost all branches of economic theory are being developed and amplified in the essays of this outstanding collection. J. N. Wolfe, the editor, should be congratulated on a very find job.- --Gerhard Tintner, Journal of Political Economy -The occasion for this volume honouring Sir John Hicks is his retirement from the Drummond Professorship at the University of Oxford. The 22 papers arranged alphabetically by author, together with an entertaining introduction by the editor, mark the occasion well.- --Thomas J. Finn, The Canadian Journal of Economics -This volume. . . represents the extent and dimension of the influences which Sir John Hicks has brought to the crucial problems of economic theory. Equally influential contemporary economists have contributed twenty-two papers whose impact will be felt for a long time.- --Ryuzo Sato, Journal of Economic Literature -This festschrift marks the occasion of the retirement of Sir John Hicks from the Drummond Professorship at Oxford. The twenty-two papers in this volume are notable not only because of their distinguished authors, but also because an unusually large percentage (for a festschrift) are of relatively high quality.- --Joseph E. Stiglitz, The Journal of Finance

"This is a beautifully printed book containing twenty-two papers, some of which are excellent and most of which are worthwhile. . . . There really is no satisfactory way of reviewing this volume. Hicks has made serious contributions to so many branches of our subject that it is natural to find a very wide variety of topics covered in this volume, which takes on the appearance of an exceptionally fat issue of a good journal of economic theory. . . . Professor Hicks will surely be satisfied with the much deserved tributes here assembled." --F. H. Hahn, Economica "This is a fitting tribute to Sir John Hicks, who has perhaps done more than anybody else for the development of contemporary economics in the Western world. Most of the great contributions of Sir John to our knowledge in almost all branches of economic theory are being developed and amplified in the essays of this outstanding collection. J. N. Wolfe, the editor, should be congratulated on a very find job." --Gerhard Tintner, Journal of Political Economy "The occasion for this volume honouring Sir John Hicks is his retirement from the Drummond Professorship at the University of Oxford. The 22 papers arranged alphabetically by author, together with an entertaining introduction by the editor, mark the occasion well." --Thomas J. Finn, The Canadian Journal of Economics "This volume. . . represents the extent and dimension of the influences which Sir John Hicks has brought to the crucial problems of economic theory. Equally influential contemporary economists have contributed twenty-two papers whose impact will be felt for a long time." --Ryuzo Sato, Journal of Economic Literature "This festschrift marks the occasion of the retirement of Sir John Hicks from the Drummond Professorship at Oxford. The twenty-two papers in this volume are notable not only because of their distinguished authors, but also because an unusually large percentage (for a festschrift) are of relatively high quality." --Joseph E. Stiglitz, The Journal of Finance

"This is a beautifully printed book containing twenty-two papers, some of which are excellent and most of which are worthwhile. . . . There really is no satisfactory way of reviewing this volume. Hicks has made serious contributions to so many branches of our subject that it is natural to find a very wide variety of topics covered in this volume, which takes on the appearance of an exceptionally fat issue of a good journal of economic theory. . . . Professor Hicks will surely be satisfied with the much deserved tributes here assembled." --F. H. Hahn, Economica "This is a fitting tribute to Sir John Hicks, who has perhaps done more than anybody else for the development of contemporary economics in the Western world. Most of the great contributions of Sir John to our knowledge in almost all branches of economic theory are being developed and amplified in the essays of this outstanding collection. J. N. Wolfe, the editor, should be congratulated on a very find job." --Gerhard Tintner, Journal of Political Economy "The occasion for this volume honouring Sir John Hicks is his retirement from the Drummond Professorship at the University of Oxford. The 22 papers arranged alphabetically by author, together with an entertaining introduction by the editor, mark the occasion well." --Thomas J. Finn, The Canadian Journal of Economics "This volume. . . represents the extent and dimension of the influences which Sir John Hicks has brought to the crucial problems of economic theory. Equally influential contemporary economists have contributed twenty-two papers whose impact will be felt for a long time." --Ryuzo Sato, Journal of Economic Literature "This festschrift marks the occasion of the retirement of Sir John Hicks from the Drummond Professorship at Oxford. The twenty-two papers in this volume are notable not only because of their distinguished authors, but also because an unusually large percentage (for a festschrift) are of relatively high quality." --Joseph E. Stiglitz, The Journal of Finance