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Sir John Hicks is one of the highest-regarded contemporary economists, and it is fitting that the new series of Critical Assessments of Contemporary Economists should commence with his work. Awarded the Nobel Prize for Economics in 1972, Sir John Hicks' work is extremely wide-ranging, with the list of topics reading almost like an agenda for the whole of modern economics: general equilibrium theory, welfare economics, problems of index numbers...

Milton Friedman has been the prime theorist behind the emergence of monetarism and has contributed significantly to the development of monetary theory, for example, with his quantity theory of money. Moreover his advocacy has had considerable impact in winning policy makers over to monetary policies. On the faculty of the University of Chicago from 1946 to 1979, he was awarded the Nobel Prize for Economics in 1976. In addition, he has made imp...