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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
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Other quotes of Sir John Richard Hicks


Investment is a flighty bird which needs to be controlled.

Investment is a flighty bird which needs to be controlled.



The best of all monopoly profits is a quiet life.

The best of all monopoly profits is a quiet life.



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.





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This page presents the quote "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.". Author of this quote is Sir John Richard Hicks. This quote is about week, maximum, men, income, ought,.