Liquitaya Briceño, José D. - In: Revista Nicolaita de Estudios Económicos VII (2012) 2, pp. 7-25
This article offers an overview of the Relative Income Theory’s core elements formulated by J. Duesenberry, from the way it solves the contradiction apparent between the different empirical findings about consumption function. Next, the analysis model is presented; issues concerning the...