James Duesenberry

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.