The Paradox of Thrift

The Paradox of Thrift

Recording date: 29/08/2012
Viewed: 2 times

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.

ARIADNE Info
Source url:
http://media-podcast.open.ac.uk/feeds/2190_60secondadventuresineconomics/ipod-all/21793_2__the_paradox_of_thrift_itunesu.m4v
ARIADNE ID:
up2u_OPEN_UK_http://podcast.open.ac.uk/feeds/2190_60secondadventuresineconomics/ipod-all/21793_2__the_paradox_of_thrift_itunesu.m4v
ARIADNE provider:
OPEN_UK
ARIADNE repository:
K12
ARIADNE license:
The Open University
The Open University


to add comments