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Sir John Richard Hicks Quotes

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Sir John Richard Hicks Quotes: "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."

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 Quotes: "The best of all monopoly profits is a quiet life."

The best of all monopoly profits is a quiet life.




Sir John Richard Hicks Quotes: "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."

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.