James Stemble Stembel DUESENBERRY

Background

DUESENBERRY, James Stemble was born in 1918.

Education

Bachelor of Arts, Master of Arts, Doctor of Philosophy University Michigan, 1939, 1941, 1948.

Career

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". 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.

Achievements

• Chairman, Board of Directors, Federal Reserve Bank Boston, 1969-1974.

Works

• book

  • Money & Credit: Impact & Control
  • Business Cycles and Economic Growth
  • Income, Saving, and the Theory of Consumer Behavior (Economic Studies : No. 87)
  • Income, Saving, and the Theory of Consumer Behavior
  • Business Cycles and Economic Growth (Economic Handbook Series)
  • Cases and Problems in Economics

Membership

President's Council of Economics Advisers 1966-1968.

Interests

• 311 Domestic Monetary Theory.