paradox of thrift

economic paradox that an increase in autonomous saving decreases aggregate demand and thus gross output, which will in turn lower total saving

Pronunciations

• British English

  /ˈpæɹədɒks əv ˈθɹɪft/Open converter

• American English

  /ˈpæɹəˌdɑks ʌv ˈθɹɪft/Open converter

These IPA transcriptions are generated from the name above. Proper names may have other pronunciations, and current converter results may differ. How transcription works

Entity details on Wikidata

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