The Paradox of Thrift

The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.

An episode of the 60-Second Adventures in Economics - for iPod/iPhone podcast, hosted by The Open University, titled "The Paradox of Thrift" was published on August 29, 2012 and runs 1 minutes.

August 29, 2012 ·1m · 60-Second Adventures in Economics - for iPod/iPhone

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Summary

The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.

Episode Description

The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.

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