Blog
60 Second Adventures in Economics - The Paradox of Thrift
20th September 2012
Another superb 60 second video from the OU which introduces the concept of 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.
Jim Riley
Jim co-founded tutor2u alongside his twin brother Geoff! Jim is a well-known Business writer and presenter as well as being one of the UK's leading educational technology entrepreneurs.
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