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Economic PerspectivesFurther Essays on Money and Growth$
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J. R. Hicks

Print publication date: 1977

Print ISBN-13: 9780198284079

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198284071.001.0001

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The Mainspring of Economic Growth

The Mainspring of Economic Growth

(p.1) I The Mainspring of Economic Growth
Economic Perspectives

John Hicks

Oxford University Press

This chapter reviews the changes in John Hicks's economic theory since his Theory of Wages was first published in 1932. In particular, it looks at a chapter entitled ‘Distribution and Economic Progress’ which was to be the first theoretical chapter in that book. Chapter I explains how he has moved away from the ideas presented in that chapter, and in so doing, describes important work he has done in all the time from 1932 to the present.

Keywords:   John Hicks, economic theory, real wages, substitution, economic progress

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