Keynes’ General Theory has been without a doubt the most disputed and controversial work in economics of the past century. As is well known, Keynesian ideas spread quickly throughout the world, immediately raising quite deep and long lasting controversies on theoretical as well as on political...

This paper attempts to reconstruct and assess the intellectual itinerary of Hicks on the valuation of social income. His 1958 and 1981 papers on that topic have been wholly ignored in the economic literature. In both of them differentmeasures of real income are provided. These show to what...