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Income, saving and the theory of consumer behavior

Author: Duesenberry, James Stemble Publisher: Harvard University Press, 1949.Language: EnglishDescription: 124 p. : Graphs ; 22 cm.Type of document: BookBibliography/Index: Includes bibliographical references and index
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Item type Current location Collection Call number Status Date due Barcode Item holds
Book Europe Campus
Main Collection
Print HB801 .D8 1949
(Browse shelf)
000210314
Available 000210314
Total holds: 0

Includes bibliographical references and index

Digitized

Income, Saving and the Theory of Consumer Behavior Contents I. INTRODUCTION 6 1. Conceptual schemes and reality. 2. Preference systems and their empirical basis. 3. The independence postulate in utility theory. 4. Conclusion. III. A REFORMULATION OF THE THEORY OF SAVING 17 1. The need for a new departure. 2. Nature of consumption choices. 3. The process of choice. 4. The drive toward higher consumption. 5. The social significance of consumption. 6. Intertemporal choices. 7. Stability of equilibrium. 8 Constancy of the savings ratio. 9. The role of population growth. 1o. The distribution of income. II. Conclusions. IV. A THEORY VERSUS THE FACTS 47 I. Income Aspiration and social status. 2. Negro and white savings. 3. Savings and income in individual cities. 4. Long period variations in saving. 5. New consumers' products. 6. Urbanization. 7. The age distribution of the population. 8. Income distribution. 9. The rate of growth of income. 10. Interest rates and expectations. II. Changes in time preference. 12. Conclusions. V. SHORT RUN FLUCTUATIONS IN SAVING 69 I. Methods of testing aggregate hypotheses. 2. Saving dependent on past as well as current income. 3. Secular and cyclical movements of the savings ratio. VI. THE IMPLICATIONS OF INTERDEPENDENT PREFERENCES 93 1. Some welfare considerations. 2. The growth of demand. VII. CONCLUSIONS III 1. Summary. 2. A Qualification. 3. Saving and the business cycle theory. II. THE EMPIRICAL BASIS OF THE THEORY OF CONSUMERS' CHOICE BIBLIOGRAPHY INDEX II9 I27

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