Markets, Money and Capital Hicksian Economics for the Twenty First Century

Markets, Money and CapitalHicksian Economics for the Twenty First Century\nAuthor(s): Roberto Scazzieri, Amartya Sen, Stefano Zamagni\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521873215, 978-0521873215\nSynopsis\nSir John Hicks [tel] was a leading economic theorist of the twentieth century, and along with Kenneth Arrow was awarded the Nobel Prize in 1972. His work addressed central topics in economic theory, such as value, money, capital and growth. An important unifying theme was the attention for economic rationality 'in time' and his acknowledgement that apparent rigidities and frictions might exert a positive role as a buffer against excessive fluctuations in output, prices and employment. This emphasis on the virtue of imperfection significantly distances Hicksian economics from both the Keynesian and Monetarist approaches. Containing contributions from distinguished theorists in their own right (i.