paradox of thrift

GPTKB entity

Statements (17)
Predicate Object
gptkbp:instanceOf gptkb:economic_policy
gptkbp:appliesTo macroeconomics
gptkbp:category gptkb:paradox
economic paradox
gptkbp:describedBy gptkb:John_Maynard_Keynes
gptkbp:describes relationship between saving and aggregate demand
gptkbp:explains why individual saving may not benefit the economy as a whole
gptkbp:firstAppearance gptkb:The_General_Theory_of_Employment,_Interest_and_Money
https://www.w3.org/2000/01/rdf-schema#label paradox of thrift
gptkbp:opposedBy classical economics view on saving
gptkbp:relatedTo gptkb:paradox_of_deleveraging
gptkb:paradox_of_toil
gptkb:Keynesian_economics
gptkbp:state increased saving can reduce total output
increased saving can lead to decreased aggregate demand
gptkbp:bfsParent gptkb:Keynesian_economics
gptkbp:bfsLayer 5