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The Paradox of Thrift - 60 Second Adventures in Economics (2/6)

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Published on Sep 5, 2012

Free learning from The Open University http://www.open.edu/openlearn/money-m...

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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.

(Part 2 of 6)
Playlist link - http://www.youtube.com/playlist?list=...

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Study economics with the OU http://www3.open.ac.uk/study/undergra...

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