Hicksian
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English
Etymology
Adjective
Hicksian (comparative more Hicksian, superlative most Hicksian)
- (economics) Of or relating to John Hicks (1904–1989), British economist.
- 1995, Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green, Microeconomic Theory, Oxford University Press, page 62:
- An important property of Hicksian demand is that it satisfies the compensated law of demand: Demand and price move in opposite directions for price changes that are accompanied by Hicksian wealth compensation.
- 2024, Jeremy B. Rudd, A Practical Guide to Macroeconomics, p. 59
- This concept is sometimes referred to as a “Hicksian” measure – hence the superscript – as a similar notion was discussed by J. R. Hicks in chapter XIV of Value and Capital (1946).
