What school of economics should the British economist John Hicks belong to?

Keynesianism.

Hicks and Hansen of the Keynesian school in the United States summarized a model of economic analysis on the basis of Keynesian macroeconomic theory, namely"Hicks-Hansen model"(IS-LM model), which became the core of Keynesian macroeconomics.

In 1972, Hicks was awarded the Nobel Prize in Economic Sciences for his contributions to the theory of general equilibrium and welfare economics (the honor was shared with Professor Kenneth J. Arrow of Harvard University in the United States). This award is an affirmation and the highest evaluation of Hicks's academic achievements, and it also opens the way for Hicks's economic thought to further expand its influence. After that, Hicks entered the "second adolescence" of academic creation, writing five more books, three volumes, and some.

The Theory of Wages (1932); Value and Capital (1939); "The Revision of the Theory of Needs" (1956); Theory of Economic History (1969); Methods in Dynamic Economics (1985). Hicks died in 1989 at the age of 85, ending a lifelong effort as an economist. In the same year, he also published his last book, The Market Theory of Money, and published two articles, "The Consistency of Macroeconomics" and "The Presumption of Constant Returns to Scale".

The traditional economic theory divides the theory of economic transfer into two parts: the principles of economics and the principles of currency. Keynes disagreed with this dichotomy and, while criticizing, he proposed his own new jujube division.

He pointed out that economics is divided into two aspects: on the one hand, the theory of value and the theory of distribution, and on the other hand, the theory of money.

Both the Hicks method and the Slutsky equation are tools for analyzing income effects and substitution effects, but the tools for analysis are different, and the methods and assumptions are also different. Let's start with the Hicks method.

The tool used in the Hicks method is the compensation budget line, what is the compensation budget line? That is, if there is an exogenous factor that causes the ** rise of x1, then your benefits will be reduced, and the compensation budget line is the assumption that someone else will give you cash until your benefits just do not fall because of the ** rise of x1, but after all, the ** rise of x1 will make you re-determine the consumption bundle in x1 and x2. So there's an income effect, and then you translate the compensation budget line back to your level of wealth, and there's a substitution effect.

That is to say, under the Sigg imitation wheel decomposition, the original equilibrium point moves according to the principle of invariant utility, that is, on an indifference curve.

Looking at the Slutsky decomposition method, this decomposition method also has a more complex Slutsky equation corresponding, it assumes that the budget constraint rotates around the original equilibrium point, emphasizing the certainty of the large endowment, in layman's terms, that is, when the ** of the commodity changes, you still have your current consumption bundle, but your next consumption will change, and the budget line of in will be found with the new indifference curve through the Lasfer multiplier method to obtain the equilibrium solution. This process can also be decomposed into two parts, the first is rotation, the relative change of the two commodities, the rotation of budget constraints around the endowment point will bring about a substitution effect, and the second is translation, and the translation of the rotation constraint line to a new level of wealth will bring about an income effect.

I'm just talking about it in general terms, and you can first refer to Van Ryan's Microeconomics: Modern Views, and if you don't think it's enough, you can refer to Nicholson's Microeconomics Models and Extensions or Ping Xinqiao's Eighteen Lectures on Microeconomics. It's a lot more complicated.

The economist who realized the combination of Keynesianism and neoclassical economics was Samuelson. Paul Samuelson (May 15, 1915 – December 13, 2009) was a famous American economist, winner of the Nobel Prize in Economics in 1970, and a professor of economics at the Massachusetts Institute of Technology. Samuelson is the main representative of Keynesianism in the United States, and also integrated neoclassical economics to create the neoclassical synthesis school (neoclassical synthesis).

Samuelson and his mentor Hansen were the leading exponents of Keynesianism in the United States. His research involves many fields of economic theory, such as general equilibrium theory, welfare economics, international theory, etc. Samuelson's classic book "Economics" sold more than four million copies worldwide in more than 40 languages, becoming the best-selling economics textbook in the world, influencing generations after generation.

The tax theories and policies in the book mainly include the nature of taxation, taxation principles, and tax implications. It was also his book that systematically brought Western economic theory into China for the first time, and made this way of thinking and vision take root in China. In 1970, at the age of 55, Samuelson became the first American to win the Nobel Prize in Economics.

Samuelson can be said to be ubiquitous in the field of economics, and Shishikiyoshi is known as the last generalist in the field of economics.