James Duesenberry

James Duesenberry
Born	(1918-07-18)July 18, 1918 West Virginia
Died	October 5, 2009(2009-10-05) (aged 91)
Nationality	United States
Academic career
Institution	Harvard University
Field	Microeconomics Behavioral economics
School or tradition	Neo-Keynesian economics
Alma mater	University of Michigan
Influences	John Maynard Keynes Michał Kalecki John Hicks Paul Samuelson
Contributions	Relative income hypothesis

James Stemble Duesenberry (July 18, 1918 – October 5, 2009) was an American economist. He made a significant contribution to the Keynesian analysis of income and employment with his 1949 doctoral thesis Income, Saving and the Theory of Consumer Behavior. Kenneth Arrow believed that it offered "one of the most significant contributions of the postwar period to our understanding of economic behavior". Publication-"Business Cycles And Economic Growth" His theory, however, later disappeared from standard textbooks, although it outperforms the alternative theories that displaced it in the 1950s.

Duesenberry attended the University of Michigan, where he earned his Bachelor of Arts in 1939, his Master of Arts in 1941, and his Doctor of Philosophy in 1948. He served as professor of economics at Harvard University from 1955–1989.

References

Macro Economics-by Dr.M.L.Zingan

External links

• Harvard University Department of Economics