Top 6 Sir John Richard Hicks Quotes (2024 Update)

Sir John Richard Hicks Quote: “The best of all monopoly profits is a quiet life.”

1. “The best of all monopoly profits is a quiet life.”

Sir John Richard Hicks Quote: “Investment is a flighty bird which needs to be controlled.”

2. “Investment is a flighty bird which needs to be controlled.”

3. “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

4. “There is much of economic theory which is pursued for no better reason than its intellectual attraction; it is a good game. We have no reason to be ashamed of that, since the same would hold for many branches of mathematics.”

— Sir John Richard Hicks

5. “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.”

— Sir John Richard Hicks

6. “Some of the most serious fallacies of traditional economics have been due to confusion between optimum and equilibrium conditions; the apparent influence of Dr. Pangloss upon the development of economic thought is for the most part nothing but pure intellectual error.”

— Sir John Richard Hicks

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