Sir John R. Hicks (Warwick, England, 1904 - 1989) was one of the most important and influential economists of the twentieth century. Hicks was a professor at University of Oxford for most of his life and shared the Nobel Prize in 1972. He developed the famous "compensation" criteria called Kaldor-Hicks efficiency for welfare comparisons in 1939.
... Soviet Union, Sakhalin has experienced an oil boom with extensive petroleum exploration and mining by most large oil multinationals. Russia is in the process of building a ...