Economics is all about how people make choices. Sociology is all about why they don’t have any choices to make.
James Duesenberry QuotesShowing all quotes
|Birth:||18th July, 1918|
|Death:||5th October, 2009|
James Stemble Duesenberry was born in West Virginia, USA. He 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". He earned a BA degree from the University of Michigan in 1939, his MA degree in 1941, and his PhD in 1948. He served as professor of economics at Harvard University from 1955–1989. He wrote several books include: Income, Saving, and the Theory of Consumer Behavior, Business cycles and economic growth, and Money, Banking, and the Economy.
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