60 Seconds Adventures in Economics - The Paradox of Thrift

If you're a long-time follower of our blog, you've probably heard the Hayek vs Keynes rap rap before, and learned all about the boom and bust cycle, but if you haven't, or if you want a different introduction to the short vs long-term, and individual vs collective conflict in economic theory, here's a little introduction to Keynes' paradox of thrift, all part of the Open University's 60 Second Adventures in Thought.