James Duesenberry

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Duesenberry, James


Born Feb. 18, 1918, in Princeton. American bourgeois economist.

Duesenberry graduated from the University of Michigan (1938) and is a professor at Harvard University. He has combined his teaching activity with scholarly research at Cambridge University (1954-55) and the Ford Foundation (1958-59). Beginning in 1956 he was a consultant for the Committee for Economic Development. In his book Income, Saving, and the Theory of Consumer Behavior (1949), Duesenberry attempted to develop certain positions of Keynesian economic doctrine. During the 1960’s, Duesenberry published works on the theory of economic cycles, monetary circulation, and credit, as well as participating in the development of models of economic growth. Duesenberry is one of the leading bourgeois experts on economic problems.


Business Cycles and Economic Growth. New York, 1958.
Cases and Problems in Economics. Englewood Cliffs, 1960. (Jointly with L. E. Preston.)
Money and Credit: Impact and Control. Englewood Cliffs, 1964.
The Brookings Quarterly Econometric Model of the United States. Chicago, 1965. (Coauthor.)
The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
James Duesenberry (who died in 2009) who became famous for his relative income hypothesis to explain consumer behavior within the Keynesian system.
The relative income hypothesis, first developed by James Duesenberry, suggests that individuals are concerned not only with absolute income but with how their income compares to others and in what income percentile they are in.
Continuing the chronological journey, we find one of the most representative response in classical economics to the consumption issue, consisting in the analysis of James Duesenberry in "Income, Saving, and the Theory of Consumption Behavior" (1949).
Pigou, James Meade, James Duesenberry, Harvey Leibenstein, W.
Second, James Duesenberry's relative income hypothesis was in the mode of reconciling such observations, where personal consumption was based on the individual's relative position in the income distribution.
Economist James Duesenberry once wrote, "Economics is all about how people make choices.