EPISODE · Aug 29, 2012 · 1 MIN
The Paradox of Thrift
from 60-Second Adventures in Economics - for iPad/Mac/PC · host The Open University
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.
What this episode covers
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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The Paradox of Thrift
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