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

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 - Transcript link - Free learning from The Open University - Bubbles and savings Study a free course on Managing my money at the Open University Study R30 BA (Honours) Economics The Open University is the world’s leading provider of flexible, high-quality online degrees and distance learning, serving students across the globe with highly respected degree qualifications, and the triple-accredited MBA. The OU teaches through its own unique method of distance learning, called ‘supported open learning’ and you do not need any formal qualifications to study with us, just commitment and a desire to find out what you are capable of. Free learning from The Open University For more like this subscribe to the Open University channel Like us on Facebook: Follow us on Twitter: #OpenUniversity #Economy