The paradox of thrift (or paradox of saving) is a paradox of economics, popularized by John Maynard Keynes, though it had been stated as early as 1714 in The Fable of the Bees,Keynes, The General Theory of Employment, Interest and Money, Chapter 23. Notes on Merchantilism, the Usury Laws, Stamped Money and Theories of Under-consumption and similar sentiments date to antiquity.
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