Quote of the day
At each increase of knowledge, as well as on the contrivance of every new tool, human labour becomes abridged.
James Duesenberry

Born: July 18, 1918
Died: October 5, 2009 (aged 91)
Bio: James Stemble Duesenberry 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.